According to eMarketer, in 2018, there were about 82,5 million mobile phone P2P payments users in the US. That is more than a third of the mobile phone population in the country. And it is expected that more than half (52,5%) of mobile phone users will make at least one P2P transaction per month by 2022. Thus, P2P payments’ popularity is gaining momentum, and it allows people to transfer funds easily and securely.
The statistics speaks for itself. That is why P2P payment app development may become a good business idea. This article covers all necessary things like security issues, legal compliance, and features to take into account if you intend to create a custom P2P payment app and use proven mobile app development services. Sit back and enjoy the guide by Cleveroad!