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A customer looks at an Apple Inc. iPhone 6s Plus at an Apple store in Palo Alto, California, U.S., on Friday, Sept. 25, 2015. From Sydney to New York, some of the Apple faithful waited in lines for more than two weeks to be among the first to receive the new iPhone 6s and 6s Plus. Photographer: David Paul Morris/Bloomberg
David Paul Morris/Bloomberg
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.
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The Ebay Inc. Venmo application (app) is arranged for a photograph on an Apple Inc. iPhone 5s in Washington, D.C., U.S., on Friday, Aug. 22, 2014. After downloading the Venmo mobile-payment app onto a smartphone, users can connect them to bank and credit-card accounts, and then link up with friends to send and receive money on-the-go. Venmo, based in New York, alone handled $314 million in mobile payments in the first quarter of this year, up 62 percent from the prior quarter. Photographer: Andrew Harrer/Bloomberg
Andrew Harrer/Bloomberg

Venmo

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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Social media apps including WhattsApp, LinkedIn, Twitter, FaceBook, Instagram, SnapChat and Periscope are displayed in a social media folder on the screen of an Apple Inc. iPhone 6 in this arranged photograph taken in London, U.K., on Friday, May, 15, 2015. Facebook Inc. reached a deal with New York Times Co. and eight other media outlets to post stories directly to the social network's mobile news feeds, as publishers strive for new ways to expand their reach. Photographer: Chris Ratcliffe/Bloomberg
Chris Ratcliffe/Bloomberg

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.
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'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.
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Barclays Pingit LICENSE AGREEMENT This Photograph taken by VisualMedia is supplied with an indefinite license for editorial purposes, but excluding advertorials or competitions. The license also covers internal communications requirements such as newsletters and non-commercial website use. Usage for external marketing / advertising purposes will attract additional fees that need to be negotiated dependent on requirements. For further information please contact VisualMedia on +44 (0)20 7613 2555. Note to Press: These images are supplied free of charge for editorial usage. Mandatory credit: VisMedia
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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.
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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.
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Dwolla

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.
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