Google Wallet adds P2P payments

Google Wallet adds P2P payments

Google has released a new Wallet app for iOS with a clear focus on peer-to-peer payments and wallet-to-bank transfers.

The update enables iPhone users to send money to anyone in the US with an email address, even if they are not a Wallet user. A similar service was rolled out for Android phones last month.

Under the iOS upgrade, money held on Google Wallet can also be cashed out to a linked debit card or bank account.

Other features include the ability to set up recurring cash transfers, bill splitting and instant notifications of money movements in and out of the app.

Comments: (1)

Christopher Williams
Christopher Williams - RTpay - Winchester Uk 22 September, 2015, 10:581 like 1 like

The obvious question is whether this can be expanded to cover international transfers as well? With Android's strength in many parts of the world being far greater, this could be a valuable solution in lowering costs for many families, and earning brownie points for Google, by belatedly reaching the G20 target of 5% maximum.