New research from TowerGroup finds
that volume figures for person-to-person payments still lag far behind the
heady predictions that heralded P2P’s birth in the late ’90s. While actual
transactions between individuals will continue to grow gradually, the greatest
opportunity for P2P providers-and most significant threat to the payment
franchises of established financial institutions-is the ability of the P2P
infrastructure to adapt to other types of markets such as business or
government.
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