Some 36% of US consumers use peer-to-peer (P2P) mobile payment services, research from Bank of America has found. Millennials are most likely to use P2P services, with 62% claiming they already use the payment method. Just 34% of Generation Xers and 20% of baby boomers said they use P2P mobile payments, however, 45% of non-users plan to adopt the payment method within the first quarter of this year. A total of 68% of consumers started using P2P services because of their convenience, while 48% cited peer influence as a reason for adopting the technology.
Some 36% of US consumers use peer-to-peer (P2P) mobile payment services, research from Bank of America has found. Millennials are most likely to use P2P services, with 62% claiming they already use the payment method. Just 34% of Generation Xers and 20% of baby boomers said they use P2P mobile payments, however, 45% of non-users plan to adopt the payment method within the next year. A total of 68% of consumers started using P2P services because of their convenience, while 48% cited peer influence as a reason for adopting the technology.