AN ETXRA LAYER OF FUNCTIONALITY
By moving past its default money transfer app and transforming into a super app, Paypal will wear the hat of a ‘multi-service’ provider providing additional layer of service to its mobile payments services.
THE SUPER APP’S FEATURES
As disclosed by Paypal, the super app will comprise of a number of new features such as;
- Enhanced direct deposit.
- Check cashing.
- Budgeting tools.
- Bill pay.
- Cryptocurrency support.
- Subscription management.
- messaging functionality
With the addition of the messaging functionality, the users will be able to message back and forth with friends, family, sellers and also be able to send thank-you messages directly from the app after receiving funds without having to leave the app or use a different messaging service.
Obviously, the [user experience] is being redesigned. We’ve got rewards and shopping. We’ve got a whole giving hub around crowdsourcing, giving to charities. And then, obviously, buy now, pay later will be fully integrated into it. … The last time I counted, it was like 25 new capabilities that we’re going to put into the super-app.
While we drool over these highlighted features, we await the UNVEILING.
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