![]() ![]() Native payment app on iOS devices, Apple Pay’s P2P feature is integrated with the Messages app, an app traditionally used for text messaging. Split feature divides indicated amount equally among users (amounts can later be adjusted) and would be useful to split the cost of a meal or a trip among friends. With an interface very similar to Square Cash, Google Pay Send lets users request send or split the money. Funds are drawn directly from the linked cards or bank accounts. It allows users to request or send payments to others within the app. Square Cash is a peer-to-peer (P2P) payment app with a very simple interface and functionality. There are also no fees for transactions funded from bank accounts or debit cards. Circle uses Bitcoin for transactions, so there are no extra currency exchange fees. It tracks interactions with contacts separately as opposed to transactions. It is very similar to Facebook’s Messenger. 3)Circle PayĬircle is a social app, with messaging functionality. At sender’s request, funds are transferred directly from a bank account to the recipients’ bank account without the need of an intermediary. Users can link their account with one (and only one) participating bank account. ![]() Zelle has a unique solution for P2P transfers. Unlike many other payment apps, PayPal has a wallet that allows users to hold money in PayPal without withdrawing it to a bank account. Although, in case of using credit cards, fees are considerably higher. ![]() Users can link their credit cards or bank accounts to the app. One of the biggest online payments companies, PayPal can be used to transfer money to friends, pay for online shopping, split the cost of a meal, etc. Here are some of the most innovative and simple applications available right now: 1) PayPal Nowadays, there are lots of accessible and easy-to-use P2P mobile payment apps that let users transfer money to each other instantly and with a minimal cost. Peer-to-peer payments have for a long time been confined to cumbersome procedures involving banks or money transfer companies. As users across the world are becoming more familiar with smartphones and complex mobile technologies, lots of mobile applications facilitating traditional financial services are starting to appear on the market. ![]()
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