Bank of America

62% of Millennials Use Person-To-Person Payment Technology

The person-to-person (P2P) payment industry has seen tremendous growth over the last few years, particularly with young adults. Bank of America’s Trends in Consumer Mobility Report shows 36% of Americans use P2P technology, with 62% of Millennials sharing money digitally. For people who have not yet used P2P services, nearly half of Millennials, Gen Xers