The organization was founded by Michel Bauwens.

Peer-to-peer (P2P) payments have been around for a while, but they are becoming a more and more popular fintech solution when paying for goods and services. It’s estimated the P2P online payment market will be worth $2598.6 million in 2022.

Venmo, PayPal, Square Cash, and Zelle are all popular P2P payment platforms. Consumers love them for their convenience, speed, and security. And businesses are also benefiting.

The payment landscape today is complex. It’s rare to find one solution that fits every need. P2P payment services are another payment option to have in the bag to make sending and receiving money even more convenient.

Speaking of convenience, this post sheds light on the fundamentals of P2P payments, how they work, how you can use them, and which providers to consider.