Alkami Telemetry Data – Peer-to-Peer Payments (P2P)

Home » Resources » Data Bites » Charts » Alkami Telemetry Data – Peer-to-Peer Payments (P2P)

Peer-to-Peer Payment (P2P) adoption is growing, fast.

Source: The 2023 Alkami Data Telemetry Report: State of the Industry℠, Emerging Financial Institution Opportunities in an Uncertain Economy / “The Definitions of “Money” and “Payments” Continue to Evolve” page 11.

What we’re seeing:

Alkami telemetry confirms P2P is a growing, common trend that is becoming the norm, with both transactions and user adoption growing by 400 percent from 2018 to 2022. There is no material difference in average transaction by age cohort. While younger age ranges have higher penetration, adoption is healthy among those in their 50s and 60s.

Takeaway:

Peer-to-Peer payments are becoming more commonplace, among all age groups.

Call to action for FIs:

Account holders want a fast and secure way to send money to a private party of their choosing. If an FI is not offering it as part of their digital experience, then there is a risk the account holder will take their business elsewhere.

Download Our 2023 Alkami Data Telemetry Report: State of the Industry℠, Emerging Financial Institution Opportunities in an Uncertain Economy”

Related Resources

Never miss a beat in digital banking

Case Study, Client Success, Resources

August 27, 2025

How Alliant Raised $500M in 6 months

Over $500M in deposits raised in 6 months with a new member experience and member-first products Whi...
J.D. Power 2025 Mobile App Platform Certification ProgramSM recognition is based on successful completion of an audit and exceeding a customer experience benchmark through a survey of recent servicing interactions. For more information, visit jdpower.com/awards.

Sign Up for information on Future Hackathon Events

Starter
Compliance

Catch fraud early
and reduce risk

Growth-
Oriented

Expand your commercial
capabilites

Advanced
Payment Security

Advanced protection
with revenue generation
Check Positive Pay Solutions
Payee Positive Pay
Check Positive Pay
Teller Validation
Reverse Positive Pay
ACH Positive Pay Solutions
ACH Positive Pay (debits)
ACH Positive Pay (credits)
ACH Credit Origination Protection
Reporting Solutions
Account Reconciliation
ACH Returns & NOCs
EDI Translation