What is P2P payment?

Dartafrica13 May, 2023Business

What is P2P payment: P2P payment is usually known as Peer-to-peer payment or person-to-person transaction. It is a payment structure that allows a person to send money directly to another person without the need for an intermediary. Some of the earliest events of P2P payments are what we see in money transfer apps like Cashapp, Venmo, Paypal, Payoneer, and more. They allow users to receive and send money from their mobile phones through a linked bank account or card.