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Consumers Have No Reservations About Using P2P Payments To Give Cash During the Holidays

“Gift transactions rose 47.2% in December 2017 over the monthly average for the previous August through October, according to numbers released this week by Fiserv Inc. for its Popmoney P2P service. The increase in November last year over the same baseline was 9.6%. The Brookfield, Wis.-based company, which also processes for the Zelle P2P network, did not track similar numbers for Zelle since the service had only started up a few months earlier…Further evidence of the trend comes from a recent Zelle survey, which indicated almost half of respondents planned to give money this season, while 58% said they preferred to receive money.”