Facebook Messenger launches P2P payments in the UK

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In the UK however, the market is less saturated. Neither Square Cash, Venmo nor Apple Pay Cash are available to British users yet, where consumers are well used to mobile payments in general, Apple Pay, Android Pay and other contactless services are widely used across retail and travel services.

“Convenience levels and near real-time payment transfers remove historical pain points with alternative P2P payment methods, including checks,” said Phil Sealy, principal analyst at ABI Research. “Although predominately used in social settings, to split bills or pay friends and family, there is significant opportunity for P2P to move beyond the social realms, possibly used as a future alternative platform to pay household bills.”

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