As statistics claims, in recent days we could see a significant increase in the popularity of P2P electronic money transfers performed non-cash, from one card to another, even if they belong to different banks. This is due to the fact that people figured out how to make P2P payments, and in what situations the service could come in handy. And they began using the system in question very actively, influencing the growth of its demand.

Money Transfer App For Pc
Real Money Transfer Apps Like
Money Transfer Apps For Iphone
Best Money Transfer Apps
Real Money Transfer Apps Available For Iran

And we guess it's high time to think about p2p app development.

Jul 05, 2021 Azimo is a fantastic money transfer app well known for its sleek interface and excellent user reviews. Azimo currently has the capacity to provide transfers from 24 European countries to over 195 countries around the world. ★★★ Earn MONEY by trying Free apps!★★★ ★★★ Free Bonus Points on Signup!★ Best Cash App ★★ Earn real money by completing simple tasks inside the app. Easily make free money by watching videos, playing games, completing paid surveys, giving opinions, testing services, endorsements, free trials.

Interested in the issue? Then read our article reflecting the key benefits of Azimo, a famous P2P payment service. Also, we're going to explain to you how to follow its lead and join the ranks of top p2p apps.

But, of course, we’ll start with the basics, namely…

What are P2P payments?

There are a great number of types of payment apps but p2p money transfer services are clearly among the most fast-growing programs of the sort. It's no surprise, for they offer the most convenient payment methods!

Let’s see what P2P means and provides us with.

P2P stands for person-to-person (or peer-to-peer), that is, without the participation of various financial intermediaries (namely, without the intervention of third parties). Everything seems to be pretty clear, right?

But what is the essence of peer to peer international money transfers? Why are they so good?

Agree, sending money as is usual (through online banking or at a bank branch) requires a lot of effort. You need to know the complete list of details of the recipient, correctly indicate the purpose of the payment, and so on, stuff like that. Finding out such information takes a lot of time, which could be spent more efficiently.

As for the P2P payment system, it’s devoid of these disadvantages. If that is the case, you only need the data of both cards; moreover, sometimes all you have to know is the recipient’s phone number (however, we'll talk about such a useful feature later in the article, when describing Azimo).

Benefits of peer-to-peer payment systems:

the chance to get or send a payment anywhere, subject to the availability of the Internet;
reduced transfer fees;
the need to know the minimum amount of information about the recipient;
the opportunity to send money to any card; all you have to do is take advantage of a special web resource (or a mobile app to transfer money from different banks);
the ability to conduct money transactions through any device (if the Internet connection is available);
simplified access to transaction history;
the accessibility (the service work in a 24/7 mode).

When can peer-to-peer payments come in handy?

accepting money to your bank card. The P2P payment service allows its user to send money to another bank cardholder (if they're both registered in such systems as Visa or Mastercard);
payment for goods and services: if you need to settle up with a team of builders, buy goods in an online store, and so on;
personal transactions: financial assistance to parents living in another city or children (say, students), lending money to friends, etc (it’s the so-called person to person payments);
nonprofit fundraising. Also, these mobile payment apps are helpful if you're thinking of charity collection;
new approaches. And, of course, there are original ways to make use of peer to peer money transfers. For example, a restaurant can create a mobile peer-to-peer payment app to improve its service level: if a large company dines, each person may send his own part of the total cheque amount to the restaurant card.

Why do you need to build a p2p payments app, to begin with? The fact is that you, as an intermediary (application owner), receive a commission. And the user won't be in a loss either since he gets a convenient and safe mobile service.

Now we'd like to consider how to develop a payment app like Azimo. But, of course, for starters, we'll tell you what this system is and why it is so popular.

What is Azimo?

As you already know, Azimo belongs to demanded P2P payment solutions.

The company was founded in 2012; since then, it has been developing with the financial support of investment funds such as Silicon Valley Bank, TA Ventures, Polish MCI Group, Asian giant Rakuten, e.ventures, Frog Capital, and GR Capital. Azimo's headquarters are located in 2 cities, namely London and Krakow.

Today, Azimo is a financial and technology organization professionally engaged in money transfers in almost 200 countries worldwide. It has its own website, as well as Android & iOS applications. And since our article is devoted to the question of how to develop a P2P payment app, we should say a few words about the Azimo mobile program.

Azimo: money payment apps

Azimo is a striking example of a smart mobile app. It has a user-friendly intuitive interface and is additionally protected with biometrics in order to increase the security factor (which is not superfluous, given that we're dealing with local and international p2p payments).

Use the Azimo app if you want to…

Money Transfer App For Pc

financially support your loved ones;
pay utility bills (especially if you live abroad);
do your business internationally;
pay mobile Internet/phone bills;
pay for a trip or moving abroad;
and much more.

How P2P payments work in Azimo's case

Everything is as simple as possible because ease of use is the main rule of Azimo. No extra action is required.

So, the user just needs to follow some simple steps:

Choose a method of delivery of money. There may be several options:
- bank account or card;
- cash (at special Azimo cashpoints);
- mobile wallet;
- targeted delivery;
- mobile phone account;
- SWIFT payments.
Enter the recipient's data (say, the card number);
Indicate the transfer amount and payment methods (by card or from a bank account).

That's all! Your p2p money transfer has been completed. And the speed of its processing depends not only on Azimo but also on a variety of factors, including location, method of delivery, and more.

An innovative way to make P2P payments

Azimo owners came up with one more way to make the life of their clients easier: though, this only applies to users of mobile applications.

We’re talking about an innovative way of peer to peer money transfer. Imagine the situation when you need to financially support your friend, but you don't know his card details and cannot get this information in the near future. And you’re in a hurry! What to do? With Azimo, you're able to send money using only the recipient's phone number. Yes, Azimo made it possible.

In fact, there is no miracle, which, however, doesn

Real Money Transfer Apps