How to Create a Robust and Legally Compliant Peer-to-Peer Payment App

With mobile payment becoming a reality more people are choosing it for various reasons like staying card-free, promoting cashless economy and leveraging order-in-one-click technology. Peer-to-Peer payment apps (P2P) are essential to accelerate and optimize all sorts of mobile payment like sending remittances, bills splitting, trip bookings and even for expenditure management.


Indeed, the financial technology gets revamped when you build a payment application as it allows users to pay money using peer-to-peer payment apps, mobile wallet apps, cryptocurrency platforms and m-commerce apps.
It is no shocker that more than 62% of American millennials users prefer P2P mobile payments as they are fast, convenient, and secure.

What is peer to peer payment App?

Peer to peer or P2P payments forms a transactions that can be anything from splitting a $50 lunch bill with your colleagues to even paying for rent and gas. It is a peer to peer payment platform that allows fund transfer between two parties while using their banking accounts or even credit cards through a P2P mobile app or third-party online platform.

Original Source : Legally Compliant Peer-to-Peer Payment App

Location: United States

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