In this highly digitalized era, everything happens with a single tap. The same is true for making payments. Whether buying fruits and vegetables from a local vendor or splitting bills with friends over brunch, e-payments have made life easier for everyone. Apple Pay and the Cash App are among the most commonly used e-wallets, offering a seamless, secure, and contactless payment method.

In the United States, approximately 38% of adults use Venmo, the majority of which are from the Millennial and Gen Z groups. The growing popularity of this money transfer app is evident in the staggering total payment volume it registered in the first quarter of 2024—a whopping $69 billion.

With over 10,000 stores worldwide, hundreds of millions of people buy from and interact with Walmart every year. In fact, Walmart is the largest retailer in the world by far. Yet many people don’t know that alongside selling groceries and many other items, Walmart also facilitates money transfers.

With over $857 billion of international bank transfers taking place in 2023, not to mention domestic transfers, the world already supports a vast number of money transfers. Because of this huge demand, a wide range of platforms exist to help you send money wherever you need.

Did you know that more than 90% of consumers now use digital payments for their transactions? It seems that digital payments are now mainstream and embedded in everyday consumer activities and retail transactions.