P2P (Peer-to-Peer) payments refer to a digital transaction method that allows individuals to transfer money directly to one another without the need for intermediaries like banks or traditional financial institutions. P2P payment systems have gained immense popularity due to their speed, convenience, and ease of use, making them ideal for everyday transactions, online gaming deposits, and even splitting bills with friends. Platforms like PayPal, Venmo, Cash App, and Google Pay have become household names, while cryptocurrencies like Bitcoin also enable decentralized P2P transfers.