Google is likely hoping that its efforts around Android Pay and Google Wallet, which have failed to gain the kind of traction Apple Pay now has, will get a big boost by leveraging the massive user base that Gmail enjoys. Simple. Tap the compose button, then enter the email address you want to send money to.
The entire process of sending and receiving the money takes place within the app, just as how it is done on its web version.
Gmail is not the only app that is making its way to the payment services: Snapchat also offer its friends the feature called Snapcash, Facebook also has a similar feature present on its Messenger app and WeChat also has mobile payment feature. Currently, the P2P money sending market is dominated by Paypal and Venmo, but major US banks are teaming up to try and take their share of the market via a new service called Zelle.
Moreover, PC added that the recipient can receive the money right from the email itself, without installing another payment application. Moreover, you can send money from your Gmail address to any email address; it doesn’t have to be a Gmail ID. Let us know if you see anything different. A pop up window shows up where you can include the sum and include a note, and send.
However, the only constraint for now is that the feature is currently available in the US. Starting today, you can share money, too. The difference is that the button attached to attachments now integrates the “Send or receive money” option. Hit the $ icon and then tap on request. Once you do that, you can choose the option request money or the option send money.
This new one doing the rounds in Gmail inboxes is one that appears to include an attachment, which in reality isn’t an attachment at all.
Talking about how different is the new feature from the already existing Venmo and Square Cash, it is possibly a little different as the Gmail’s new “send money” option doesn’t charge any additional transaction fee and is seemingly user-friendly.