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Peer-to-Peer (P2P) Payment
Digital transfer of funds directly between individuals using apps like Venmo, Zelle, or PayPal.
P2P systems provide fast, low-cost transfers between individuals. They often include social features for easier money tracking.
P2P payments are like handing money to a friend digitally — instant and convenient.
Real world: Splitting a dinner bill with friends using Venmo instead of cash.
💡 P2P payments simplify peer transactions, making sending money as easy as a text message.