Snapcash

Snapcash

A peer-to-peer (P2P) payment system for transferring cash while logged into Snapchat. By typing a "$" as the first character of the message, the Snapchat app's Send button turns into a green dollar sign. Powered by the Square Cash service, the transfer is made between the debit cards of the sender and recipient via their Snapchat IDs. See Snapchat and P2P payments.
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From mobile wallet apps, to QR codes, to WhatsApp messages and SnapCash, it has never been easier to send small amounts to money to friends and family.
It enables users to shift money from their accounts to others' accounts, like Google Pay, Apple Wallet or SnapCash, which Snap Inc.
Snapcash, a mobile payment service launched by Snapchat, will no longer be available starting Aug.
Summary: San Francisco [United States], July 23 (ANI): Snapcash which started as a way of splitting bills among friends ended up being used as a way of exchanging private content, and now parent Snapchat wants to put it to rest.
According to Odubiyi, Sterling Bank intends to become a consumer banking franchise of choice for Nigerians through the provision of customer-centric and disruptive solutions such as Farepay, Spectra, Switch, Snapcash, Social Lender, Saf Retail and i-invest, among other products that are changing the ways they access financial services.
Key Features: Disappearing messages, Discover, crowdsourced Live Story montages, My Story daily montages, QR codes, location-based geofilters, Snapcash peer-to-peer payments.
Snapcash has been developed as a new way for users to exchange money within the platform's chat feature.
The same things are happening on Snapchat with "Snapcash" and Facebook through its Messenger app.
A recent survey asked consumers about their cash habits in the past week - 62% said they had used a cashpoint, 52% had used a banking app and 47% had used a transfer app like XOPO, Venmo or Snapcash.
Last year, Snapchat partnered with Square for Snapcash, which enables users to exchange money directly on the platform.
OTT players are now seeing further diversification with a foray by several big players into the payments market for example, LINE Pay, Facebook's use of Messenger to send payments, and Snapchat's 'Snapcash'.
The app is engaged in an ongoing social media rivalry with the likes of Twitter and Facebook, and has also introduced a money transfer feature called Snapcash that enables users to send money to friend's via the app's chat feature.