System and method of providing proximity payments

A non-transitory computer-readable storage medium storing instructions which, when executed by a processor of a server of a payment provider, cause the processor to perform operations comprising:

• comparing GPS coordinates between a received GPS-based location of a first user device and GPS-based locations of a plurality of user devices to identify a subset of one or more user devices within a threshold proximity distance of the first user device;
• delivering to the first user device, data that identifies the one or more user devices in the subset of user devices and a user interface that displays the data on the first user device, wherein the user interface displays the subset of one or more user devices in a sequence that is ranked based on a proximity of each of the subset of one or more user devices ranked from nearest to furthest to the first user device, and ranked based on a popularity criteria associated with prior payments received by each of the subset of one or more user devices from other payors;
• and
• initiating and authorizing an electronic payment corresponding to a desired electronic transaction defined by a confirmation of a selected payee device from among the subset of the one or more user devices, the electronic payment initiating a transfer from an account associated with the first user device to an account associated with the selected payee device.

A server of a payment provider comprising:

• a memory;
• and
• a processor that executes instructions stored in the memory to perform operations comprising:
• comparing GPS coordinates between a received GPS-based location of a first user device and GPS-based locations of a plurality of user devices to identify a subset of one or more user devices within a threshold proximity distance of the first user device;
• delivering to the first user device, data that identifies the one or more user devices in the subset of user devices and a user interface that displays the data on the first user device, wherein the user interface displays the subset of one or more user devices in a sequence that is ranked based on a proximity of each of the subset of one or more user devices ranked from nearest to furthest to the first user device, and ranked based on a popularity criteria associated with prior payments received by each of the subset of one or more user devices from other payors;
• and
• initiating and authorizing an electronic payment corresponding to a desired electronic transaction defined by a confirmation of a selected payee device from among the subset of the one or more user devices, the electronic payment initiating a transfer from an account associated with the first user device to an account associated with the selected payee device.