PayPal introduces 5-word command to send payment in Slack

Paypal Holdings Inc (NASDAQ:PYPL) is offering an easy and secure way to pay co-workers in Slack, a real-time communication service.

The online payment giant has introduced its very first bot on the Slack platform. Now you can use five words to pay your family and friends in Slack.

Slack is a messaging platform for teams. It has 5 million daily active users.

“Now with the PayPal bot, you can send money between PayPal accounts without leaving your Slack conversation,” the company said in a statement. “Whether your colleague picked up the tab at lunch or you are chipping in for a group gift for a teammate’s birthday, sending money from your PayPal account to a friend’s is as easy as typing, “/PayPal send $5 to @Dave.” See for yourself!”

How to use PayPal 5-word command

You need to install the PayPal bot available on the Slack App Directory.

Once installed, link your PayPal account and set your preferred transaction settings, including when you want to review and approve transactions.

The PayPal bot is available to Slack users in Australia, Canada, the U.K. and the U.S.

Paypal Holdings Inc (NASDAQ:PYPL) said that person-to-person payments (P2P) is becoming the most used features on its platform. In 2015, the online payment giant processed $41 billion in P2P volume across PayPal, Venmo and Xoom, representing a year-over-year increase of 42%, according to the company.

Video: 

An ad to help with our costs