STATES CHRONICLE – Google has announced their money transfer app is going to be updated and now Google Wallet allows you to send money via text.
Google Wallet started as a mobile payment service, similar to Apple Pay. After Android Pay was launched, Google turned the Google Wallet into an app for money transfer that uses debit cards for sending or receiving money. The app runs on both iOS and Android.
Google made the announcement on its Commerce Blog. After users install the new version of the app they can send money to people in their contact list, without having to use email addresses. The email address is no longer needed as you’re only going to send a text to that person.
How exactly does the application work? If you want to send money to your mother, for example, you enter the app and using a debit card it sends your mom a text message. The text will let your mom know that she has been sent money.
The only thing she has to do now is to click on the link in the text and enter her card number on the opened web page. After that, the money gets transferred into her bank account in just a few minutes.
With all of these new apps that allow you to send and receive money just like you send and receive texts, I wonder why bank buildings still exist. Remember the time when we sent money through post? Me neither. Technology has evolved so much, we can now have money in a bank account, on our credit or debit cards, in our wallets on our phones…money is everywhere, and somehow still seems to be scarce.
Now, with this ‘texting money’ trend, who knows, maybe in a few years, we could post money on Facebook, tweet them, pin them on Pinterest or if you’ll still like the traditional text, send a money emoji and the transfer will be done in no time. Of course, all of these may sound childish to say the least, but what don’t we do in order to make our lives easier and most importantly to get money easier.
Image source: www.bing.com