The disclosure facilitates transactions between virtual debit accounts associated with corresponding transaction applications. A transaction initiation request including a transaction amount is received by a sender transaction application on a sender computing device. A recipient transaction application is detected within a proximity of the sender computing device by the sender transaction application. A virtual debit account associated with a virtual wallet of the sender transaction application is accessed and a transfer of the transaction amount is initiated from the accessed virtual debit account to a corresponding virtual debit account associated with the recipient transaction application. Upon a confirmation of the transfer being received from the recipient transaction application, a record of the transfer is provided to an issuer of the accessed virtual debit account. The use of the compatible transaction applications and associated virtual debit accounts provides fast, secure transaction capabilities between parties that may be unfamiliar with each other.