Moov Launches Debit Card-Based P2P Payment Solution

Moov Financial has launched Moov Money, a new person-to-person (P2P) payment solution that enables users to send and receive money using their existing digital banking experience and a debit card.

Built in collaboration with Mastercard and Visa, the platform uses the debit card as the payment destination, allowing for seamless transactions between individuals without requiring both parties to use the same app or solution.

Moov Money is designed to break down barriers in P2P payments by leveraging the wide reach of Visa and Mastercard, which according to the Federal Reserve Bank of Atlanta's 2025 Survey and Diary of Consumer Payment Choice, has 90.5% of U.S. consumers carrying a debit card.

The platform provides advanced security features, including device intelligence, phone-based identity verification, network-level card validation, passkey authentication, real-time monitoring, and AI-powered fraud detection tools to reduce scams and fraud losses for both financial institutions and consumers.