P2P money transfers offer several advantages. They are cost-effective with lower fees compared to traditional money transfer services. P2P transfers are also fast, often completed within minutes, allowing individuals to access their funds quickly. The convenience of P2P money transfers allows transactions to be done from anywhere using a mobile app or online platform. These transfers are secure, incorporating encryption technology and advanced security measures to protect user data and prevent fraud. P2P money transfers are a transparent and efficient way to send and receive funds.