A Peer-to-Peer (P2P) payment is the process through which users can transfer funds from their bank account to that of another individual using the Internet. Pay Pal, Venmo, Google Pay, Paytm, Cash App, Amazon Pay, etc., are a few major P2P payment apps that allow users to send money to another person from their bank accounts. These platforms are gaining immense popularity among people of all ages across Brazil.