👍 Consumer A2A Payments Outlook: Juniper Research Study

👍 Consumer A2A Payments Outlook: Juniper Research Study

According to a study, the number of transactions in this segment is expected to grow from the current 60 billion to 186 billion by 2029. The data was collected through industry observation in 60 countries over the past 5 years.

▶️ Juniper Research, a British consultancy, highlights that the growth of A2A (account-to-account) solutions has been primarily driven by innovations in Open Banking.

▶️ A key solution is Variable Recurring Payments (VRP), which allows consumers to connect payment providers to their bank accounts, optimizing recurring payments within certain limits. This significantly enhances the user experience.

▶️ Another factor driving the adoption of A2A payments is the implementation of instant payment systems. In the U.S. 🇺🇸, FedNow, launched in 2023, offers an average fee of just 4 cents per transaction, making it much more competitive compared to card payments, which average around 3.5% in fees. This suggests a promising future for instant payments, not just in the U.S.

▶️ In Europe, there is considerable anticipation for the final phase of the launch of EPI, a system that moves away from card transfers and proposes a direct payment model between accounts. The UK 🇬🇧 currently leads the region in Open Banking initiatives.
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