The State of Payment Transaction Types

How Innovation and Competition Are Reshaping P2P, Remittance, Bill Pay, Payroll, and B2B Transactions

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 survey. More payment providers will tap this demand in the near term.

Here’s what’s in the full report


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Table of Contents

  1. Executive Summary
  2. Innovation is reshaping payments far beyond consumer purchases
  3. Banks and fintech giants are jockeying to build on P2P payments’ success
  1. Declining remittance pricing is driving innovation and partnerships
  2. Emerging technologies will reshape consumer bill payments
  3. Providers will meet rising demand for faster wage disbursement
  1. Cards, ACH, and FedNow will drive B2B payments growth
  2. Sources
  3. Media Gallery

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David Morris


Maria Elm
Senior Analyst
Amy Rotondo
Director, US Research

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