Top Peer-to-Peer Payment Apps

Peer-to-peer payments are a convenient option for sending and receiving payments virtually. Visiting a bank branch is not always the most convenient way to make a financial transaction.

In most cases, the P2P platform allows the user to create an account and have access to a digital wallet and/or link a bank account or debit/credit card. Deposits and withdrawals are usually made instantly (sometimes for a small fee). Simply enter a username, email address, or phone number into the search bar to find the person you’d like to send money to. Some of the top Peer-to-Peer Payment Apps make it quick and easy to transfer money overseas or across the dinner table.

Transactions like these make it easier to make contactless payments or split the bill.

Here are some of the top Peer-to-Peer Payment apps:

Western Union:

Western Union is especially helpful for international fund transfers. Western Union specifically specializes in helping you if you need to transfer money overseas. You can register for an account using a valid form of ID. You are then able to enter the details required to send money to the receiver’s mobile wallet. Western Union supports several types of mobile wallets from many different countries. While Western Union does offer a mobile app, there is still the option to visit a physical location such as a grocery or convenience store if necessary. The receiver is still able to receive funds without a mobile app account, they only need to verify their identity through driver’s license, security question, or other methods.

Cash app:

Cash app is available for both Android and iOS devices. Through the cash app, users have access to a free, personalized debit card to be sent by mail. There are exclusive rewards available for users to receive discounts at certain merchants. The app also provides the opportunity to make investments through stocks and bitcoin.


PayPal has been a reliable asset for online shoppers. Customers link bank accounts or debit cards to the PayPal account. Money can be added to the PayPal digital wallet. These funds may be used to make online purchases without having to enter your debit/credit card number. P2P transfers can be made to their PayPal users by searching for their name or phone number.


Venmo has proven popular with groups of friends. This platform in particular makes it very simple and easy to look up anyone with a Venmo account. Venmo has a relatively simple interface. Transfer money between the mobile wallet, your credit cards, and your bank account. Transactions are able to be made instantly. Users may also order a free Venmo debit card.

P2P Payment apps make transferring funds between parties uncomplicated. Remain mindful of fees associated with instant transfers or deposits between accounts. In most cases, the only requirement is that both users have a (usually free) account with said platform. The availability of a mobile wallet is a convenient tool that is less nerve-wracking to use than personal banking information.

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