📺 Stream EntrepreneurTV for Free 📺

Now Use Your Voice To Send And Request Money Paypal's New Feature Is Designed To Cut Out The Hassle Of Sharing Your Bank Details Again And Again To Share Funds

By Nidhi Singh

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

PayPal

Online payments can be a hassle.Sooner or later it happens to all of us when we are in a position where we need money urgently. PayPal's new feature is designed to cut out the hassle of sharing your bank details again and again to share funds.

From today, PayPal users can now send and request payments using simple voice commands via Siri on iOS 10 on iPhone and iPad.All you have to say is "Hey Siri send this person (name) $20 using Paypal" and your work is done. The online payments company is making the new feature available to users in 30 countries, and in a number of languages.Whenever you send, receive, and spend money with PayPal, the app sends an instant notification to help you keep track of it all.

Also, the recipients can log in with their PayPal account, or create a new one instantly , to accept the funds once they receive a notification email stating that the another user has sent money.

According to PayPal's Senior Director Meron Colbeci, sending and receiving money from friends and family has long been one of the most popular activities on PayPal.

"In fact, last year we did $41 billion in peer-to-peer (P2P) volume across PayPal, Venmo and Xoom.And, with the holidays around the corner, PayPal predicts more than 17 million P2P transactions in the month of December alone,"he said.

PayPal's new feature will be immediately available to users in the United States, as well as Australia, Austria, Belgium, Brazil, Canada, China, Denmark, Finland, France, Germany, Hong Kong, India, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Norway, Russia, Saudi Arabia, Singapore, Spain, Sweden, Switzerland, Thailand, UK, United Arab Emirates.

Nidhi Singh

Former Correspondent, Entrepreneur Asia-Pacific

A self confessed Bollywood Lover, Travel junkie and Food Evangelist.I like travelling and I believe it is very important to take ones mind off the daily monotony .

Side Hustle

These Coworkers-Turned-Friends Started a Side Hustle on Amazon — Now It's a 'Full Hustle' Earning Over $20 Million a Year: 'Jump in With Both Feet'

Achal Patel and Russell Gong met at a large consulting firm and "bonded over a shared vision to create a mission-led company."

Business News

These Are the 10 Most Profitable Cities for Airbnb Hosts, According to a New Report

Here's where Airbnb property owners and hosts are making the most money.

Collaboration

5 Ways Solopreneurs Can Scale Their Business Through Collaboration

Our culture loves to perpetuate the myth that entrepreneurs must go it alone. But for many, the path to success is found in collaboration.

Science & Technology

Service as a Strategy — How to Build a Sustainable, Future-Ready Tech Business

The benefits of transitioning from traditional SaaS models to service-based models — and how to do it successfully.

Productivity

Want to Be More Productive? Here's How Google Executives Structure Their Schedules

These five tactics from inside Google will help you focus and protect your time.