While there have been many false starts, the market for P2P payments is finally taking off in this country; two-thirds of financial institutions offer or are in the process of implementing a domestic P2P offering; cost is a major factor among the holdouts as banks are concerned about the ROI of P2P payments; on the other hand, many banks see it as a tool for engagement as they get more consumers using their online and mobile banking channels. Source.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.