Neobank Varo Says Instant P2P Payments Key To Customer Retention, Growth Customers are hungry for peer-to-peer (P2P) payments, and neobanks see the potential to recapture P2P ground that others now occupy. In the latest edition of the Disbursements Tracker, a PYMNTS and Ingo Money collaboration, Wesley Wright, Varo’s chief commercial and product officer, explains how partnerships can help neobanks use P2P to retain customers and grow deposits.
Inside the August Tracker
  • An interview with with Wesley Wright, chief commercial and product officer at neobank Varo, on the rapid rise of P2P payments adoption among consumers of all ages and how leveraging internal P2P platforms and partnerships with third-party providers can help FIs cater to customer demand
  • The latest headlines from the disbursements space, including recent survey results showing that almost 80 percent of U.S. consumers used P2P payments last year and how the U.K. government can take a page from the U.S. in using instant payments to help SMBs stay afloat
  • An in-depth look at how P2P payments are meeting the needs of a growing number of consumers, how this shift has prompted consumers to expand how they leverage them and why network interoperability is key to helping the space grow in the future