# Visa and Mastercard Back Moov's P2P Payment Tool

> Moov Money lets users send payments via debit card without app sharing.
- Title: Visa and Mastercard Back Moov's P2P Payment Tool · Pymnts
- Summary: Moov Money lets users send payments via debit card without app sharing. Moov Money uses debit cards for P2P payments, avoiding app dependency.
- Keywords: moov, visa, mastercard, p2p payments, debit card, gen z, federal reserve bank of atlanta, pymnts intelligence, business, finance, Back, Moov's
- Source: Pymnts — https://pymnts.com/news/payments-innovation/2026/visa-and-mastercard-help-moov-launch-p2p-payment-solution
- Author: PYMNTS
- Published: 2026-09-22T19:31:37+00:00
- Read time: 1 min
- Topics: moov, visa, mastercard, p2p payments, debit card, gen z, federal reserve bank of atlanta, pymnts intelligence, business, finance
## Moov Money Launch
Moov announced Moov Money, a real-time P2P payment solution using debit cards and mobile connections.

> Unlike other P2P services that depend on both parties participating in the same app or solution, Moov Money uses the debit card as the payment destination.
## Debit Card Reach
90.5% of U.S. consumers carry a debit card, enabling broad payment access without app downloads.
## P2P Limitations
Current P2P providers reach fewer than 34.6% of U.S. consumers, limiting their market share.
## Gen Z Debit Trends
70% of Gen Z plan to use debit for holiday purchases, with 42% using it at grocery stores.
## Moov's Advantage
Moov Money breaks app dependency, letting anyone with a debit card securely send and receive payments.

> Moving money shouldn't depend on whether two people use the same app.
## Key takeaway

Moov Money uses debit cards for P2P payments, avoiding app dependency.