Slideshow 7 of Apple's Biggest Obstacles in Mobile P2P

  • November 12 2015, 11:01pm EST
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Apple is reportedly adding person-to-person payments to Apple Pay, based on technology from the bank-run clearXchange network. If this feature comes to market, it will face many competing systems that run on Apple's own handsets.


One of the biggest names in mobile P2P is PayPal's Venmo, which treats payments as a form of social interaction. Users can follow posts from friends much like they follow events on Twitter and other social networks.

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Facebook M

Facebook M, the social network's answer to Siri and Google Now, has the advantage of working across multiple platforms. The system has built-in purchasing capabilities, and will likely link to the P2P system built into Facebook's Messenger app.

'New' Google Wallet

When Google released Android Pay, it didn't completely wipe out Google Wallet. The name lives on as a P2P app that operates on both Android and iOS devices.

Barclays' Pingit

Barclays' Pingit has been the foundation of many other products from the U.K. bank. Pingit now supports Twitter accounts, mail-order purchases and e-commerce, with plans to eventually support payments at the point of sale.

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Bank Wallets

Even though banks are reportedly partnering with Apple on its P2P effort, they may still end up as competitors. Chase's QuickPay existed long before the launch of Apple Pay or clearXchange, and many banks also have access to vendor-built P2P tools such as Fiserv's Popmoney.

Square Cash

Square's consumer-facing P2P app is the underlying technology for Snapchat's SnapCash system. Even if Square can't take over consumer P2P payments, its technology could have a far reach.


Dwolla is already working with BBVA on a real-time P2P payment system. Their strategy is to use the P2P project as a foundation for other business models, such as digitizing payroll.