A peer-to-peer payment P2P is an online technology that allows customers to transfer funds from their bank account or credit card to another individual's account via the Internet or a mobile phone. The peer-to-peer service would let people pay each other as easily as sending a text wherein users will allow their peers to gain easier access to their accounts thus making payments and settling bills more natural. Apple, the iPad development company is said to be working on its own peer-to-peer money transfer service, potentially under the secure Apple Pay umbrella. Once the iPad developers build the app, together with the payment industry, the Apple P2P service could be launched as soon as this year. Apple has also announced that it would allow iPad developers to make apps that integrate within iMessage. The increased acceptance of online banking, mobile banking, and e-commerce by consumers has paved the way for greater use of peer-to-peer payments. Read further to find out what iPad developers need to consider while developing a P2P payment app.