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The Topmost Downloaded P2P Payment Apps Worldwide in 2021
November 9, 2021
P2P stands for peer-to-peer or person-to-person payment. In other words, it is the contactless transaction between two individuals. Research says that P2P payment through Google Play Store and iOS App Store has increased worldwide. The increase rate is 12% globally i.e., 230 5.4 million. If you prefer you can also check for our other services like the Technical support and Maintenance and Software Service.
RANKS OF MOST DOWNLOADED P2P PAYMENT APPS
In 2020 Google Pay was the most downloaded website. But in 2021 PayPal came as the first in most downloaded P2P payment. This is because of its higher number of new users. It is about 55% are accessing and opening the app every day.
In 2021 Paypal is the top downloaded P2P payment app. This is because of its 56.6 million downloads.
Google Pay is second in the top downloaded P2P payment app.
In China top downloaded p2p payment and is Alipay.
While Venmo Is the top downloaded P2P app in the US.
WORLDWIDE SPREAD OF P2P PAYMENT APPS
After the US, India come as the first in top downloaded payment apps. India launched Unified Payment Interface i.e. UPI so that it facilitates contact less payment.
Alipay is the top download app in China.
While Phonepe and Paytm are the most downloaded that app in India.
Besides this P2P payment app downloads have also increased in Saudi Arabia.
Furthermore, records say that the fastest growth of P2P payment apps is in Uruguay,
Columbia, Chile, and Peru.
P2P payment app download is also not wanted in Singapore, Finland, Brazil, the Czech Republic, and Bulgaria.
THE TOP DOWNLOADED WEBSITE, PAYPAL
Paypal is a very popular app for P2P payment services equally for both merchants and buyers. PayPal is an efficient p2P payment app that facilitates online purchases and e-commerce. But it allows you to transfer money only if you’re a registered user. For this, you need to create a PayPal account and then you can send or receive money.
You can use PayPal to send or receive money through a linked bank account or any credit or debit card.
This top downloaded website offers higher transfer limits i.e. up to $60 60000. But in a single transaction, you can send only $10000. However, this transaction limitation mainly depends on the currency that you are choosing.
Besides this, search for other usernames, phone numbers, or email IDs so that you can send or request money. Hence, Paypal comes with unique features. In other words, easily find the person you want to send or receive money from that individual.
In addition, it also offers efficient and quick personal money transfers.
Significantly, it offers you to send money using multiple methods for transfer. It includes credit card debit card bank account Paypal balance and PayPal credit.
GOOGLE PAY P2P PAYMENT
Another top P2P most downloaded payment website payment app is Google Pay. It is a digital payment platform that helps you to make purchases. It also helps you to transfer money using its digital wallet. Google Pay is equally efficient to run in Android and IOS. Significant Google Pay also offers you to communicate the transaction of money before or after it. But you need to create an account in Google Pay and link that with your bank account. Only after this is your money transaction through Google pay is possible. Uniquely most downloaded P2P Payment website sometimes offers cashback and meal donations.
CASH APP, THE MOST DOWNLOADED
In 2021 Cash App is also known as the most downloaded P2P payment app in the United States. On a worldwide basis, this takes the fifth position of the most downloaded P2P payment app.
This most downloaded app helps to transfer money to any linked bank account or debit or credit card.
Uniquely this app also offers a cash card which includes a Cash App balance. Users can use the Cash Card to activate the Cash Boost feature. This cash board feature help offer automatic discounts on certain retailers or certain purchases.
Significantly cash App allows to buy and sell Bitcoins and Stock investment.
But to use this application you must first download it. Second, create an account in this app and link your debit or credit card or your bank account. After your account is set third you can request or send money.
APPLE PAY RANKS, THE TOP DOWNLOADABLE P2P APP
Apple Pay facilitates efficient monetary transactions in iPhone, Apple Watch, iPad, and Mac. NFC supports this top downloaded P2P payment app.
You can enroll in it using only Apple on any of your Apple devices.
Then you need to link your debit card with the Apple wallet app.
Third, you have to allow permission to the Apple app to send requests and accept money through messages.
Apple pay helps you to make retail transactions the easiest and fastest way.
Besides this transaction with the wider number of retail retailers.
Significantly Apple Pay app offers you to send and receive money among your friends and family within the Apple ecosystem.
The Rapid growth of P2P payment apps growth is due to apps like Alipay, PhonePe, Paytm, etc. P2p payment app also offers features like merchant services for SMBs, Digital wallets, etc. You can also go to Lytechx Digital Pvt Ltd, as it is the best web development company in Jaipur. And you can also check our other contents like the Best apps that have an impact on Real Estate Sector.