Payments Index October 2024: Peer-to-Peer (P2P) Payments Show Tremendous Growth as Overall Consumer Spending Continues to Slow

Summary: Credit is now the No. 1 preferred payment method as safety and security remain top of mind with consumers. Welcome to the first installment of our blog series on Velera's 2024 Eye on Payments consumer payments research study. Velera Chief Marketing and Communications Officer Tom Pierce explores how payment preferences are evolving as consumers' expectations change.