Proven Strategy on How to Make a P2P Payment App
1 min readJul 14, 2020
Transferring money from point A to point B sounds easy on paper. Money transfers can be quite a hustle, especially if it’s an international transfer, and it’s neat when software can handle this for you. That’s why peer to peer money transfer apps are such a big deal in the world in general and in the fintech sector in particular.
Peer-to-peer payments (P2P), also known as person-to-person payments, can be payments for car rent, lunch, or ride. One person can transfer funds from his or her banking account or credit card using an appropriate mobile app.
Types of P2P payment applications:
- Standalone vendors;
- Bank-based;
- Social media-based.
How to create a mobile payment app (features for a developer to consider):
- Notifications;
- Currency conversion;
- Modes of payments;
- Hide user’s data ;
- The history of transactions;
- Unique one-time passwords or IDs;
- Remember about the chain reaction;
- A chatbot;
- Asynchronous data update.
Follow the guide below to learn more.
