Posted by & filed under Business Intelligence, business models, e-payment, industry analysis, PayPal.

Description: The new app makes it easier for users to request payments and to pay friends, family, and coworkers.

Source: TechVibes

Date: February 18, 2016

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The free app, available on iOS and Android, reflects a change in how people move their money today.

“You’ve shown us that sending and requesting money from your friends and family is the most popular feature in the app,” PayPal says. “Over the last two years, we have seen over 100% growth in the number of peer-to-peer transactions happening in the app.”

Read More.

Questions for discussion:

1. Have you ever used Paypal to send your friends/colleagues money?

2. Why is this a better alternative than simple cash?

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