May 1, 2018

Mobile Phone P2P Payments Transaction Value, 2017-2022 (billions and % change)

Description

This chart shows the transaction values of mobile phone P2P payments for 2017-2022 as well as the percentage change for those years. The transactions are recorded in billions.

Note

A mobile P2P payment is a transfer of funds from one individual to another individual using a mobile phone. Includes transactions made via mobile browser or applications developed by nonbank providers like Venmo, Square Cash, Google Wallet and Facebook Messenger and transactions made via mobile ... banking websites and apps developed by banks; excludes cross-border transactions.More

Methodology

Estimates are based on the analysis of the market presence of major mobile payment players; estimates from other research firms; and consumer smartphone, mobile payment adoption and retail spending trends.