10 Best P2P payment app development companies you can trust in 2025

Looking to develop a P2P payment app but not sure which partner to trust? 

With the global digital payment market projected to hit $32.07trillion by 2033, now is the perfect time for fintech startups, digital banks, and businesses undergoing digital transformation to seize the opportunity.  

In this guide, we’ve done the heavy lifting for you by spotlighting 10 trusted P2P payment app development companies for 2025 – firms that have proven expertise in delivering +fast, secure, and scalable payment solutions.  

Keep reading to discover which partner can best meet your needs and help you stay ahead of the competition. 

Top 10 P2P payment app development companies (Ranked)

Our list of the top 10 P2P payment app development service wasn’t put together based on ads or what companies say about themselves. We relied on real data from trusted platforms like Clutch, GoodFirms, TechReviewer, and Crunchbase, and reviewing real client feedback and actual project case studies.

These companies stand out for their fintech expertise, skilled development teams, and the ability to deliver tailored solutions across markets.

If you’re looking for a proven partner in P2P payment app development, this list is your go-to resource.

Company	Location	Team size	Rate/hour	Rating
Synodus	Vietnam, Singapore	100+	<25$/hr	5/5
Itexus	Warszawa, Poland	50+	$25 – $49 / hr	4.9/5
Netguru	Poland	400+	$50 – $99 / hr	4.4/5
Appinventiv	India	1000+	$25 – $49 / hr	4.7/5
Suffescom	India/US	250+	25 – $49 / hr	4.8/5
ProtonBits	India	<50	< $25	N/A
SDK.finance	Lithuania	N/A	N/A	N/A
Scalo	Poland	600+	$50 – $99 / hr	4.4/5
Cleveroad	Ukraine	250+	$25 – $49	4.9/5
Octal IT Solution	India	50+	$25 – $49/hr	4.6/5

1. Synodus

With over 250 fintech specialists and more than 30+ successful fintech projects, Synodus has quietly become a key technology partner for startups and fintechs. Synodus specializes in building scalable P2P payment solutions, from rapid MVP development to robust backend infrastructure that supports complex data flows and multi-currency transactions.

In early engagements, Synodus noticed a common pattern: founders came in with tight deadlines, investor pressure, and half-backed product ideas. What they needed wasn’t just a coding team, but a partner who could translate financial logic into real world features — fast. To address this gap, Synodus refined its process:  

• Wireframes in days, MVPs in weeks, scalable backend infrastructure without rework 
• The shift from task execution to complete solution ownership allowed Synodus to streamline product delivery while minimizing delays. 

In one case, a fintech startup in Southeast Asia needed a fast, scalable P2P payment app that could handle real-time money transfers, transaction tracking, and user contact sync. Synodus delivered a complete solution within weeks, integrating QR payments, multi-currency support, and secure encryption. The app quickly scaled to 3 million users, enabling seamless P2P transfers and strategic partnerships through open APIs in its first year. 

Key P2P payment development service of Synodus include:  

• Build strong and scalable apps.
• Handle frequent and heavy data flows.
• Integrate with multiple services.
• Extend your team seamlessly.
• Leverage low code.
• BI & Advanced analytics.
• Launch your MVP swiftly.
• UI/UX design.

For startups building MVPs or fintechs expanding into P2P, Synodus offers a rare mix: low cost, fast execution, and deep fintech focus. 

2. Itexus

Itexus brings over a decade of fintech experience, delivering more than 300 financial projects across 23+ countries. Their P2P payment app solutions are designed to meet the needs of underbanked communities, digital wallet startups, and cross-border payment services. 

This firm provide end-to-end services for P2P payment app service service, including:  

• Custom P2P app development from ideation to launch. 
• Payment gateway & bank API integration. 
• KYC automation systems and identity verification. 
• Advanced UX/UI design for seamless transfer flows. 
• Contact-based payments (e.g., phonebook or email-based transfers). 
• Multi-device, cross-platform app delivery. 
• Compliance implementation for local and global financial regulations. 
• Infrastructure scaling and backend optimization. 

Their core strength lies in building full-featured payment apps that prioritize onboarding speed, transaction transparency, and security. They implement features like QR code payments, fingerprint and facial recognition, and in-app identity verification to streamline P2P user flows. 

One standout project involved developing a mobile banking app specifically targeting over 30 million underbanked migrant workers in the U.S. This app featured: Real-time P2P money transfers, virtual card issuance, early wage access, “Family Mode” for shared spending as well as integrations with Plaid and Mbanq for secure KYC and AML compliance 

For startups and SMEs aiming to build purpose-driven P2P apps—particularly those serving financially underserved groups—Itexus offers a highly focused and proven development framework. 

3. Netguru

Netguru is a Poland-based software development company with a strong track record in building secure and user-centric P2P payment applications. With deep fintech expertise and a focus on emerging markets, Netguru supports startups and scaleups in delivering compliant, high-performance money transfer platforms. 

This firm provides end-to-end services for P2P payment app development service, including: 

• Custom P2P Payment Solutions.
• Security and Compliance.
• User Experience (UX) and User Interface (UI) Design.
• Integration with Payment Gateways.

Their strength lies in rapid scaling, advanced KYC automation, and design-led thinking tailored for financial inclusion. Netguru also offers strategic advisory services—not just technical implementation—helping fintech startups build sustainable, long-term payment ecosystems.

A key example is their work with FairMoney in Nigeria, where Netguru developed a scalable P2P payment platform capable of handling milions of transactions daily while maintaining security and compliance. This included integrating real-time payment tracking, cross-border transactions, and fraud detection algorithms – features crucial for any high-volume P2P payment system.

4. Appinventiv

Appinventiv, founded in 2015, has grown from a small team to over 1,600 tech experts. While the company has experience across various industries, it has firmly established itself as a significant player in the P2P payment app development space within the fintech sector. 

This firm handles all aspects of P2P payment app development, such as: 

• Custom P2P Payment App Development 
• Regulatory Compliance and Security 
• UI/UX Design 
• Advanced Technology Integration 
• Maintenance and Support 

Security is a cornerstone of Appinventiv’s P2P payment app development. They implement end-to-end encryption, tokenization, biometric authentication (e.g., fingerprint or facial recognition), and multi-factor authentication to protect sensitive financial data. Their apps comply with global regulations, including PSD2 for transparent payment services and PA-DSS for secure payment processing—helping reduce risks of fraud and data breaches. 

A notable project includes their work with is Mudra, an AI-powered budgeting application that simplifies personal finance management. In this project, Appinventiv integrated real-time P2P payment features directly into an AI chatbot interface, enabling users to send and receive money instantly, access transaction histories, and receive personalized financial insights.  

However, the wide cost range ($30,000–$300,000) may pose budgeting challenges for early-stage startups. That said, Appinventiv remains a highly suitable choice for mid-sized and large enterprises operating across multiple regions and requiring globally compliant P2P payment platforms.

5. Suffescom Solutions

Suffescom Solutions Inc. is a trusted name in software development, with over 13 years of experience and a team of more than 350 experts. While Suffescom is also well-known for its Web3 consulting services, the company has carved out a solid presence in P2P payment app development. Their P2P solutions are tailored for both fiat and crypto use cases, enabling easy fund management and seamless cross-border transactions. 

 Suffescom Solutions delivers complete P2P app solutions, including: 

• Custom P2P Money Transfer App Development  
• UPI Payment App Development 
• P2P Cryptocurrency Exchange Development 
• Whitelabel P2P App Solutions 

A standout example from their portfolio is HyperPay—a digital asset wallet that supports global payments. Beyond basic wallet functions, HyperPay incorrporates P2P payment features such as contact-based transfers, real-time transaction tracking, and error handling to ensure seamlesss money movement. The app has achieved over 100,000 downloads and supports more than 50 million merchants, highlighting its scalability and relevance in the crypto-enabled P2P space.

Suffescom is an ideal partner for startups and small businesses aiming to enter the P2P payments market with minimal development time and cost. In addition, their ready-made clone scripts and custom crypto exchange solutions make them a great fit for companies entering the crypto P2P ecosystem.

6. ProtonBits

ProtonBits is a reliable partner for building P2P payment apps that are simple, secure, and efficient. The company’s strength lies in its deep expertise with Ruby on Rails, allowing it to develop scalable systems that prioritize both performance and safety. 

This firm provides end-to-end services for P2P payment app development service, including: 

• P2P Payment App Development.
• Payment Gateway Integration.
• Mobile Payment Solutions.
• Automated Invoice Generation.
• Cross-Platform Compatibility.
• Multi-Currency Support.

ProtonBits has collaborated with a wide range of fintech startups to create apps that support direct user-to-user transactions. Their solutions simplify common use cases like bill splitting, reimbursements, and peer payments. Key features include secure payment processing, transaction history tracking, and seamless integration with top-tier gateways. 

Although they don’t disclose specific case studies publicly, their presence in the US, UK, and UAE markets reflects a proven track record. Their apps are designed for flexibility and ease of use, making them suitable for various business models. 

ProtonBits is a strong fit for mid-budget fintech startups with funding in the $20,000–$80,000 range. They’re especially recommended for: 

• Startups building an MVP to test the market or raise capital.
• Businesses needing internal P2P payment apps for employees, agents, or partners.

7. SDK.finance

SDK.finance stands out as a white-label fintech platform, specializing in developing P2P payment applications. With the ability to handle over 34 million transactions daily, this platform demonstrates exceptional scalibility and consistent performance, making it ideal for businesses requiring large-scale P2P payment systems. 

This firm offers complete P2P app development support, such as: 

• P2P Transfers Solution 
• Payment Processing System 
• Core Banking Infrastructure 
• KYC/AML Compliance Modules 
• Customizable UI/UX 

SDK.finance offers a hybrid deployment model. Clients can use cloud-based backend services while maintaining on-premise control over critical data. This makes the platform especially appealing to organizations that require both scalability and strict data sovereignty. 

Let’s explore two key projects demonstrate their capabilities in P2P payment developemt: 

• MPAY Digital Wallet (Azerbaijan): SDK.finance enabled real-time P2P transfers via phone numbers, integrated biometric authentication (SIMA İmza), and added a full transaction ledger. As a result, user engagement and transaction volume increased significantly. 
• Super App in the Maghreb Region: SDK.finance built an integrated wallet with instant P2P transfers inside a ride-sharing and food delivery app. The platform handled up to 230 million daily transactions, helping boost user retention and streamline everyday payments. 

SDK.finance serves a wide range of clients in the fintech space. Their flexible, white-label architecture is especially well-suited for banks, fintech startups, e-commerce platforms, SMEs, and non-banking financial institutions.

8. Scalo

Scalo delivers backend-heavy P2P payment solutions designed for high performance and financial-grade security. Their edge lies in its ability to integrate directly with banking networks, implement real-time fraud detection, and modernize outdated infrastructure without disrupting business operations. These capabilities are critical for P2P features like instant transfers, biometric login, and transaction history visibility. 

Now, Scalo provides end-to-end services for P2P payment app development service, including: 

• Custom-built P2P money transfer applications 
• Behavior-based identity verification 
• Scalable backend architecture for high transaction loads 
• Simple, responsive interfaces for mobile users 

While Scalo hasn’t shared specific P2P case studies, their partnerships with major financial institutions such as ING, Santander, and BNP Paribas confirm their credibility in the space. They’re also ISO 27001-certified and hold the Microsoft Gold Partner status. 

Scalo is a great fit for: 

• Traditional banks adding P2P features to mobile apps.
• Pre-seed or seed-stage fintech startups validating P2P product ideas.
• E-commerce or service platforms that need internal P2P transfers between users, sellers, or agents.

9. Cleveroad

Founded in 2011, Cleveroad has built a solid track record in fintech by helping businesses transform peer-to-peer (P2P) payment ideas into fully functional applications. With deep experience working alongside financial clients, the company delivers end-to-end solutions—guiding products from concept through launch. 

Their P2P payment app development services include: 

• Custom software development tailored to specific P2P needs.
• Mobile app development across platforms (iOS, Android, cross-platform).
• UI/UX design focused on clarity and engagement.
• Integration of AI, machine learning, and secure payment gateways.
• Full compliance with PCI DSS, KYC, GDPR, ISO/IEC 27001:2013.

A big part of what makes Cleveroad stand out is how they help fintech startups get their products off the ground fast—especially MVPs. Thanks to their offshore R&D centers, clients get access to top-tier tech and talent while staying within budget. It’s a practical approach that suits early-stage companies trying to move quickly without overspending. 

What’s more, Cleveroad runs a free P2P solution design workshop, giving potential clients a chance to explore their ideas with real experts. In this workshop, teams can test the technical feasibility, shape the system architecture, and fine-tune their product vision—all before signing a contract or spending a dime. 

They’ve also earned trust by working with big names like HSBC and MoneyWiz. On top of that, their certifications in ISO 9001 and ISO 27001 show they take both software quality and data security seriously—something every fintech company needs.

10. Octal IT Solution

With over 15 years of experience in fintech, Octal IT Solution specializes in building secure, enterprise-ready P2P payment apps for companies targeting regulated and global markets. The company stands out by combining technical depth, regulatory know-how, and in-house compliance—delivering solutions that meet standards like PCI DSS, GDPR, and ISO 27001 without relying on third-party consultants. 

Octal provides comprehensive development services tailored for P2P payment systems, including: 

• Digital wallet architecture and interface design.
• Real-time money transfer and transaction logic.
• Blockchain and crypto wallet integration.
• Multi-currency and real-time exchange engine.
• AI/ML-based fraud detection systems.
• Bank-grade authentication using biometrics and two-factor authentication.

What makes Octal a strong choice is their ability to deliver complex, full-featured apps—such as those involving cross-border payments, real-time currency conversion, and crypto-fiat interoperability—all under one roof.  

Plus, their team of over 250 in-house specialists works within a CMMI Level 3–appraised framework, ensuring a solid balance between structure and agility. This allows clients to benefit from robust processes without the high cost of traditional enterprise consulting. 

Octal is best suited for: 

• Mid-sized fintech companies with budgets between $50k–$200k.
• Teams launching international P2P apps involving fiat, crypto, or currency exchange.
• Businesses seeking full-stack fintech development without juggling multiple vendors.

Key criteria to select the right P2P payment app development company

Whether you’re building a dedicated P2P payment app or embedding P2P transfer features into an existing platform, choosing the right development partner is crucial. It’s not just about design or code, it’s about creating seamless, secure, and scalable money transfer experiences. To make that choice easier, we’ve outlined four essential criteria to spot a partner who truly understands P2P payment systems.

1. Practical experience   

Practical experience is what separates a capable P2P payment app development partner from a risky bet. 

A development team with practical experience in P2P payment apps helps businesses anticipate and effectively resolve complex challenges, from preventing transaction duplication to safeguarding data during high-volume transactions. They have successfully navigated similar situations, refining transaction processes and enhancing system architecture to ensure smooth operations, enabling businesses to minimize risks and accelerate time to market.

 2. Security & regulatory compliance capabilities  

In the context of P2P payments, compliance with regulations such as GDPR, KYC/AML, and local financial rules is not optional—it is foundational. These regulatory requirements need to be enforced through dynamic, region-specific system logic that adapts as user behavior and risk levels evolve. 

Experienced partners understand how to integrate KYC/AML, GDPR, and local regulations into every transaction flow. They ensure smooth user verification and data protection, integrating identity services like Jumio and Trulioo. Additionally, they keep personally indentifiable information separate from transactional data to minimize breach risks.

3. Technical expertise & tech stack  

When choosing a P2P app development partner, technical expertise and the tech stack are key factors. An experienced partner will use modern technologies like microservices, blockchain, and APIs to build a flexible, scalable payment platform. They will also ensure transaction consistency by syncing backend systems with the user interface, while implementing security measures like encryption and multi-factor authentication to protect data and prevent fraud.

4. Scalability   

Many P2P apps work well during limited beta testing but collapse under the weight of real-world user volumes, especially when multiple currencies, regions, or compliance frameworks come into play. An experienced partner will design architectures that distribute services across multiple cloud regions and implement event-driven systems (e.g., Kafka, RabbitMQ) to handle transaction spikes effectively.  

They must also optimize multi-currency wallet structures. synchronize foreign exchange rates in real time, and maintain payout systems across diverse regulatory environments without causing transaction delays or data inconsistencies. 

Conclusion 

In this guide, we’ve covered 10 trusted companies with real-world experience, from Synodus’s fast, cost-efficient delivery to Netguru’s scale-tested infrastructure and Appinventiv’s enterprise-grade security. Each brings unique strengths depending on your goals, budget, and user base. 

If there’s one takeaway, it’s this: don’t settle for agencies that only code. Choose a partner who understands money movement, user trust, and compliance from day one. 

Ready to build something users will rely on every day? Start shortlisting your P2P payment development partner — and build smarter from the start.