Tag: Square Cash

In our fast-changing digital world — where new mobile apps continue to transform the way we live, work, and play — FinTech is reshaping how we handle our money online and on the go. Take a look, just as an example, at peer-to-peer (P2P) money transfers and remittance, which are worth well over $1 trillion. Today, only a small part of those transactions – in the US, about $5 billion – are conducted via mobile. But mobile transaction volume is likely to grow exponentially in the coming years —driven by FinTech innovation — such that (according to some estimates) P2P transactions could conceivably jump to $86 billion in the US by 2018. With the future growth of FinTech intricately linked to mobile technologies, mobile payment solutions are an important piece of the puzzle. Here are some of the ways that mobile apps are already redefining and reinventing how our money is being shared, received, and transferred via mobile. All in the Family It’s become more convenient to repay people digitally using P2P payment services, than to pay using cash....