Creating app for money transfer
Peer-to-peer payments are transactions transferred from a mobile application to another application or over the Internet. For example, P2P payment applications transfer funds between cardholders, even if they are users of different payment systems.
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Such payments are very beneficial for their low cost. All transactions are carried out electronically. There are no intermediaries between the receiver and the sender. And this means that there is no need to use intermediaries, and this reduces overhead costs.
To achieve success in this niche of applications, it makes sense for you to offer users something unique that is not found in other services. Pay close attention to security and add several levels of protection to encrypt the transfers of your users.
At the initial stage of development, users will forgive small flaws in the design of the interface or not too high performance. But they must be sure of the safety of their own funds and personal data.