BMO Harris seems to be on (digital) track.

The bank announced the launch yesterday of People Pay – an instant peer-to-peer money transfer service for its mobile app users.

The service is free, as it is with every payments offering from banks on the clearXchange network, and doesn’t require recipients to be BMO customers. Users are notified via email once a payment has been sent, so they can claim the money within 10 days. There is no fee for using People Pay, and the money gets deposited to the recipient’s bank account in one to three business days.

“People Pay is going to enhance and simplify the way our customers pay for a number of things on a monthly basis, everything from rent to splitting a restaurant check between friends,” Kyle Barnett, head of U.S. channels, said in a statement.

The bank has updated its app to integrate People Pay, as well as touched up the design in order to “provide a more intuitive digital banking and payment experience for customers,” the company said.

Most banking giants, including Capital One Financial, JPMorgan Chase, FirstBank, Wells Fargo, Bank of America, and U.S. Bank, already have P2P payment capabilities in place. BMO is catching up.

But catching up it is. Just last week the bank launched BMO Harris Bank Masterpass – a Mastercard-branded wallet – as well as Android Pay and Samsung Pay for “select” credit and debit cards. The wallets are currently available for personal credit cards, personal debit cards, and small business debit cards only, with more card product integrations available later this year, the bank said.

BMO Harris Bank is a unit of Bank of Montreal [ticker: BMO], which has a market capitalization of more than $50 billion.

To learn more about P2P payments, join us in San Jose on March 6-7 for Bank Innovation 2017, where the best conversations in fintech take place. Request your invitation here.