In the world of payments, consumer purchases are just the tip of the iceberg. Five key transaction types—mobile peer-to-peer (P2P), remittances, wage disbursements, bill pay, and B2B—facilitate commerce among consumers, between consumers and businesses, and among businesses. Here’s a closer look.

Key Question: What do payment providers need to know about shifting trends among major transaction types?

Key Stat: Instant wage disbursement delivers the speed, convenience, and greater certainty in timing that consumers want, per an October 2023 PYMNTS.com survey. More payment providers will tap this demand in the near term.