Peer-to-peer (P2P) payment services are digital platforms that allow individuals to transfer money directly from one person to another without involving intermediaries like banks. These services are typically facilitated through mobile apps or websites, making it easy and convenient for users to send and receive money using their smartphones or computers. Well-known P2P payment services include: PayPal, Venmo, Cash App, Zelle, Google Pay, Apple Pay, Samsung Pay and Facebook Pay.
