Peer-to-peer (P2P) payments allow individuals to send money directly to one another using digital platforms. This process typically involves mobile apps or online services that facilitate transactions without the need for traditional banking methods. Users can easily transfer funds for various purposes, such as splitting bills or paying for services. P2P payment systems often require users to link their bank accounts or credit cards to the app. Popular examples of P2P payment services include Venmo, PayPal, and Cash App. These platforms prioritize convenience and speed, making it simple for people to manage their finances and conduct transactions with friends and family.