PayPal Lets Messenger Users Send Money to Buddies


PayPal has announced the immediate availability of its peer-to-peer payment service on Facebook Messenger, making it easy to exchange money between friends and family. PayPal also introduced its first-ever customer service bot, which gives Messenger customers payment and account support right in the app. An agreement struck last year with Facebook allowed 2.5 million PayPal customers in the U.S. to connect their accounts with Messenger and use PayPal to shop on Messenger, as well as to communicate with other PayPal users, noted COO Bill Ready.

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Apple May Enter P2P Mobile Payments Fray


Apple is in negotiations with several major banks to launch a peer-to-peer mobile payment system that would compete against rival digital payment companies, including PayPal and Square, The Wall Street Journal reported Wednesday. Apple is working on a plan that would allow consumers to transfer funds directly from their checking accounts to other people. It would be similar to the PayPal transfer system operated through Venmo. “It would also be a nice extension to Apple Pay,” said Kevin Krewell, principal analyst at Tirias Research.

The original article can be found here: http://www.ecommercetimes.com/story/82738.html?rss=1

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