LX.MI
lx.mi is a peer-to-peer payment app that simplifies financial management by integrating platforms like Zelle, PayPal, Venmo, CashApp, Apple Pay, and Google Pay into one user-friendly interface.
It allows seamless cross-platform transfers, provides detailed spending analytics, and offers enhanced security features such as biometric authentication and customizable alerts. With intuitive budgeting tools and savings insights, lx.mi streamlines your financial life, making it the ultimate all-in-one payment solution.
Fintech
Visual Identity
UI/UX
Subversive Strategy
Problem
International students struggle to receive money from friends due to fragmented P2P payment platforms, leading to compatibility issues, higher fees, and currency conversion challenges, complicating financial management and social interactions.
Solution
Lx.mi simplifies international money transfers for students by integrating multiple P2P payment platforms into one secure, user-friendly app with seamless currency conversion and lower fees.
Process
1
P2P Payments
2
Payment Transfers
3
Iteration
4
Final Screens
Background
P2P Payments
Peer-to-peer (P2P) payments are electronic money transfers made directly from one person to another through an intermediary, typically a mobile app or online platform. This technology allows users to send and receive funds quickly and conveniently, often without traditional banking methods. P2P payments link a user's account to their bank account, debit card, or credit card, enabling transfers using email addresses, phone numbers, or account handles. Popularized by services like PayPal and later by mobile apps such as Venmo, Zelle, and Cash App, P2P payments have become increasingly widespread due to their convenience and speed. They are commonly used for splitting bills, sending gifts, or repaying debts, making everyday transactions easier and more accessible.
Commonly used P2P methods
What it is: Zelle is a service offered by most major banks in the U.S. and allows people to send money to other Zelle users through their bank account or the Zelle app.
How it works: After setting up a Zelle account through their bank or the Zelle app, users can send or request money by entering another Zelle user’s registered email address or phone number. If the recipient doesn’t have a Zelle account, they will have to set one up to send or receive money.
What it is: Cash App is a money transfer app created by Block Inc. that allows people to send money via their Cash App balance or linked bank account, credit card or debit card. The service offers an optional debit card — called a Cash App Card — that allows users to spend the money in their Cash App balance as well as receive “offers,” which are savings that are applied to various vendors.
How it works: Once Cash App is downloaded to a smartphone or tablet, users create an account and link a debit card, credit card, or bank account. Once their Cash App account is set up, they can send, request, and receive money from other Cash App users as well as invest in stocks and buy and sell bitcoin.
What it is: PayPal is a payment service that runs the gamut of helping people with personal money transfers, online purchases, and e-commerce. Using PayPal as a peer-to-peer money transfer service, individuals can send money to each other via a linked bank account or a debit or credit card.
How it works: PayPal offers many different functions, perhaps the most popular being payment services for online merchants and buyers. But PayPal also offers P2P money transfers for registered users. Once you’ve created a PayPal account, you can send and request money by searching for another user’s name, email, or phone number and then filling out the amount you want to send or request.
What it is: Google Pay is a digital payment app that allows users to make purchases and money transfers with a digital wallet.
How it works: Google Pay is an app that can be downloaded to Android (running Android Lollipop 5.0 or higher) and Apple devices (iOS 14 or higher) and allows users to not only send each other money but also pay retailers for goods and services if they have a point-of-sale near-field communication reader. Users must download the app, sign in with a Google account, and link payment and banking information. Then they’ll have access to sending money and making payments. Google Pay users can also split costs for rent, utilitie,s and meals out with each other, and the app helps users do the math.
What it is: Venmo is an app that allows users to send money to each other via a linked bank account, Venmo balance, or credit card. The service is owned by PayPal, but it has some different functionality compared to PayPal’s peer-to-peer money transfer service. One of Venmo’s most interesting draws is that the app also offers a free, optional debit card that allows users to spend money from their Venmo account balance.
How it works: Users download the Venmo app and create an account. They can then link a bank account or credit card to fund their Venmo account; then they can send, request, or receive money from other Venmo users.
What it is: Apple Cash allows Apple users to send and receive money in the Messages or Wallet apps, which are compatible with more recent versions of iPhone, iPad, and Apple Watch.
How it works: Users enroll in Apple Cash with their compatible Apple device and, after linking a debit card in the Apple Wallet app, they can send, request, and accept money from other users through Messages or Wallet.
P2P Money Transfers
P2p money transfer apps have revolutionized how we handle our finances, making transactions quick, easy, and convenient. But how exactly do these apps work? Here’s a brief overview:
New User Journey Workflow
Low-fidelity wireframes
