PayPal debuts Slack bot for P2P payments

PayPal has rolled out its first bot for team messaging platform Slack.

PayPal debuts Slack bot for P2P payments

Payments giant PayPal has rolled out its first bot for team messaging platform Slack, which allows users to carry out peer-to-peer (P2P) payments between PayPal accounts without leaving the conversation.

To start with, users need to install the PayPal bot from the Slack app directory, link their PayPal account and set preferred transaction settings, including when to review and approve transactions.

Currently, the P2P transaction service is available to Slack users in Australia, Canada, the UK and the US

In a blog post, the online payments processor said: “At PayPal, we’re focused on offering our customers a variety of innovative, easy and secure ways to move and manage their money. With this in mind, we built on the Slack platform to launch PayPal’s very first bot.

“In 2015 alone, PayPal Holdings processed $41B in P2P volume across PayPal, Venmo and Xoom – a 42% increase in P2P TPV YoY.”