THE NEW WAY TO PAY A PAL to accept Apple Pay transactions , both in-app and on the web , via Braintree . Last June , Apple opened up the ability for developers to integrate Siri into select types of applications . We were certainly intrigued by this and began testing a payment integration with Siri in the following months .”
Money can be a difficult topic even between the closest of friends and family . In 2015 , PayPal commissioned a survey which found that more than half the people asked across Australia , Canada , Germany and America found it awkward to ask family or friends to pay them back , and around 55 percent felt embarrassed asking for a loan , no matter how small . The inflammatory subject provokes a feeling of anxiety in many people , meaning that they may never receive their money back , potentially leading to resentment and the breakdown of relationships .
“ Letting these debts go can have real fiscal and social consequences ,” Colbeci says . “ Small , unpaid debts between friends may seem easy to forgive when hoping to avoid awkward conversations , but they can leave a sizeable hole in consumers ’ wallets . According to our study , adults on average are owed nearly $ 450 , creating a global total of $ 51 billion . That ’ s a pretty significant sum . The study also found that nearly 75 percent of people of all ages feel relief at the thought of using P2P payments to settle debts .”
Colbeci ’ s team at PayPal is focused on making the entire P2P process easier , having created PayPal . Me – a free and easy way to request money from whomever you require which works on all devices – as well as the Siri integration . In 2015 , PayPal processed $ 41 billion in P2P payments across PayPal , Venmo , and Xoom , and P2P itself increases customer engagement on PayPal by 67 percent . PayPal has contributed enormously to the rise of P2P payment , and the innovation thereof .
“ The bigger picture for P2P payments is how we ’ re making it more personal and contextual ,”
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