Google has just made it a little easier for users to transfer money over its Gmail app. Starting this week, Gmail for Android users will be able to send or receive money as an attachment. Although this feature had long existed for the web version of Google’s email service, it has now been rolled out to the Android app. However, there’s a catch.
The money transfer feature is currently available only in the US for Gmail on the web or Android. There is also no word on when the feature will be rolled out to international users and whether it will be extended to the iOS platform. In light of cashless economy on the rise, Indians can hope to see the feature being made available in the near future. ALSO READ: Gmail lets you receive 50MB files, but sending still limited to 25MB; here’s how it works
The feature functions in the same manner as on the web client. If you want to send money, all you need to do is tap on the attachment icon in compose message and choose ‘Send Money’ or ‘Request Money’ from the menu. Now you can insert the amount, choose the source of payment such as card, wallet, etc, and hit send. You can also insert an optional memo to help identify the payment transfer.
Now, the highlight here is that with the new update for Gmail app on Android, you can also exchange money with people who do not have a Gmail address or Google Wallet account. The recipients can receive or request money right from the email without even having to install another payment app and can redirect the money to go to their bank account as well. ALSO READ: Gmail iOS app updated with ‘undo send’ feature; here’s everything that is new
So for instance, if you send money to your friend with xyz email address, once they receive your mail with money as attachment, they can choose to arrange for the amount to go directly to their bank account. As Google explains, the entire process of exchanging money is completely free for both the sender and recipient.
For those recipients with Gmail addresses, all that they need to do is once they receive the email, simply tap on ‘Claim money’ link and it will automatically transfer the funds directly to your Google Wallet account. In instances, one doesn’t have the wallet account then they would be required to sign-up for it.