Snapchat announced that it is launching Snapcash in partnership with Square. The new partnership will introduce a new service for sending money to friends.
Snapcash will be only available in the US at launch and for users who are 18 years old and above. The service is said to expand to other countries later.
Square has a ton of experience in this area and our teams have been hard at work to make Snapcash a great experience for everyone.
How does it work?
To use Snapcash, users enters their banking information, such as debit or credit cards into Square Cash’s secured servers. Once that is set up, to send a payment, users need to type the dollar sign and the amount they want to send and press the green Snapcash button to complete the transaction.
That is it!
http://youtu.be/kBwjxBmMszQ
SnapChat blog post announcement here.
