P2P is an online technology that occurs between two people. Pay-to-pay, short for peer-to-peer or in-person payments, is a transaction that enables people to transfer their money online through private bank and credit union accounts or mobile applications. That way, it’s easy to split a bill with your friends or family members. Moreover, this digital technology can certainly deprive you of the constant problems that appear when you have to carry cash with you. You should not worry that you have forgotten your wallet at home or that you have little money to change.
Previously, all online services were more popular among the younger generation, now, it has become a common trend. People of all ages have a mobile phone and use it whenever possible. Thus, new P2P services and mobile applications connected to new accounts are constantly being developed. The most popular P2P delivery services include:
- PayPal
- Apple Pay
- Venmo
- Cash app
- Google Pay
- Square cash
- Zelle