Overwhelming responses from the usage of p2p payment method reveals its popularity. On the user’s end, it is definitely a hit, though we could not have thought about this craze a few years back. Now the question arises, what method suits whom better? For instance, for an individual or corporation, third party vendor method is ideal. Credit card information is shared by users, thereby availing a platform to transact without involving banking institutions.
Bank app method suits best for any owner of bank or credit card company. This way they provide an option to the users to curtail any third party vendor methods, if they want. By implementing the p2p payment method way, they can easily retain customers.
Know more about building a P2P Payment App here.