A2A (account-to-account) payments - statistics & facts
A2A payment methods are considered 2024's main digital payments trend as they challenge international brands like Visa and Mastercard, but sometimes have actually been around much longer. Account-to-account payments almost equal digital wallets in Latin America and Europe. These transactions occur from one bank account to another, and involve: Checks, direct debit (ACH, Automated Clearing House), or wire transfers. Currently, however, A2A is associated with locally developed open banking payment solutions. What are some of the biggest brands, and where is the United States in all this?
