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Since then, the payment provider has launched a stablecoin and enabled crypto-based P2P payments. The bigger picture: The crypto market had been riding a high since President Trump was elected in November on the hope that expected regulatory clarity (and friendliness) would boost consumer investment and provider buy-in.

This builds upon PayPal and Venmo鈥檚 P2P stablecoin-based checkout and P2P payment capabilities. World Network, OpenAI CEO Sam Altman鈥檚 crypto project, is reportedly in talks with Visa to launch a stablecoin payments wallet. This would build on Visa鈥檚 other ventures, like its forthcoming stablecoin platform, Visa Tokenized Asset Platform (VTAP), and its stablecoin settlement capabilities.

Mobile P2P payments are reaching market maturity in the US as spending soars, but security challenges threaten to reverse gains. Providers are working to assuage consumer fears while adding a robust array of features to tighten user relationships.

Mobile P2P payments are struggling to capture users in Canada. But banks and digital wallet providers can lean into their respective strengths to create a rosier outlook for growth.

UK mobile P2P payments usage growth has a case of the doldrums鈥攂ut bank and digital wallet providers can explore several options to give it a boost.

The update should help consumers feel safer using the P2P app, which may help boost Apple Cash adoption

Cash App lets teens make P2P payments and apply for its debit card with parental supervision. And Venmo鈥檚 Teen Account comes with a linked debit card. Why it matters: Feature innovation can help Google Wallet better compete against鈥攐r in this case, catch up to鈥擜pple Wallet, which boasts a clear lead in terms of mobile wallet users.

Consumer device and behavior trends are affecting payment providers鈥� strategies across retail, P2P, B2B, disbursement, and cross-border channels. Here鈥檚 what that means for the payments ecosystem.

Two payment systems now settle these bank-to-bank transactions for peer-to-peer (P2P) transactions, disbursements, and more. But hurdles remain before real-time payments enter the mainstream. Key Question: What are real-time payments, and how will they impact consumer payments growth?

But Gen Z has also embraced Zelle, as the bank-owned app keeps building a bigger share of peer-to-peer (P2P) transaction value and usage. Gen Z will also propel in-store mobile wallet usage. The number of Gen Z mobile proximity payment users will rise from 32.8 million in 2024 to 50.0 million in 2028, per our forecast鈥攚hich will represent 37.7% of overall users.

Keep an eye on Gen Z鈥檚 P2P payment usage and VR adoption. Gen Z peer-to-peer (P2P) payment usage is rising quickly as the generation becomes more independent and engages more in commerce. Our forecast indicates that 61.3% of Gen Z smartphone users use P2P payment platforms, increasing to 83.0% in 2028鈥攋ust 1 percentage point behind millennials.

The P2P payments space is deeply entrenched by competitors that have large networks of loyal users

The digital wallet is already the top P2P service among teens. Its youth-facing products could help monetize the app

The number of mobile peer-to-peer (P2P) payment users in the US is growing, reaching nearly three quarters (74.4%) of US smartphone users by 2028, per our forecast.