Skype is integrating with PayPal to enable users to send money to their contacts while chatting over iOS and Android mobile devices. With over one billion Skype mobile downloads to date globally, users will be able to use PayPal directly from their Skype app to beam cash instantly to their friends and family. The functionality is being roll out today to PayPal and Skype users in 22 countries.
The move extends PayPal’s in-app reach for peer-to-peer payments across a multitude of popular messaging channels, such as a voice command with Siri, in chat with iMessage and Slack, and in email via Microsoft’s Outlook.com.
„Questions like “Can I reimburse you for those movie tickets?” or “What do I owe you for Mom’s gift?” no longer require switching from Skype to your browser or banking app to start a payment process. Starting today, we’re rolling out the ability to send money with PayPal on Skype. Using your mobile phone while you’re chatting with friends or family, you can simply swipe right, tap Send Money, and complete the money transfer process.”, according to the press release.
„The first time you use the Send Money feature, you’ll be asked to confirm your location. If the Send Money feature is available in your location, you will need to link your PayPal account to your Skype profile. PayPal handles the money transfers and usually within moments, your money is on its way.”, Skype says.
To send money, you’ll need to be using the latest version of the Skype mobile app, but the friend or family member who’s receiving the funds can be using any version of Skype. If you, or your friend who’s receiving the funds, don’t already have a PayPal account, you’ll be prompted to create one the first time you use Send Money.
To use the Send Money feature, both you and the funds’ recipient must reside in one of the 22 countries* in which Send Money is supported, and currency exchange is no problem. If you’re sending funds from the U.S., for example, to someone in Europe, you will have the option to send money in Euros.
*Send Money is currently supported in the following countries: United States of America, Canada, UK (Jersey, Guernsey, Isle of Man) Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, Netherlands, Portugal, San Marino, Slovakia, Slovenia, and Spain.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
