Snapchat Users Can Now Send Money Via App

Snapchat has partnered with payment processor Square to let users transfer money via the app.

Square has its own way of letting people send money with an email – called Square Cash – but this combination with Snapchat means they are reaching an audience of over 100m users.

In a blog post, Snapchat said they built a prototype of the new feature – entitled Snapcash – which they showed to Square, who liked the idea and got on board.

The feature is fairly simple – you add a credit card which is securely stored by Square, swipe into the chat function, type a dollar sign and an amount, and click send.

Snapcash is currently only available for those over 18 in the US.

This is the first time Square have partnered with a third-party to let them use their payment system.

https://www.youtube.com/watch?v=kBwjxBmMszQ