47% of FinTechs Enable Sending P2P Payments

FinTechs must make money mobility a top priority if they want to woo consumers away from traditional banks. While PYMNTS Intelligence’s data confirms FinTechs have made progress in meeting consumer expectations around instant payments, there is still room for improvement.

In “FinTechs’ Instant Payment Mismatch,” a collaboration with Ingo Payments, we found that 47% of FinTechs enabled consumers to send peer-to-peer (P2P) transfers while 41% allow them to receive these transfers — increases...