Google officially announced that you can now send and receive money in Gmail on Android. The new integration lets Gmail users to send or request money with anyone—not just people with Gmail addresses.
Google explains that the user experience has been designed to make exchanging money as easy as attaching a file. Just tap on the attachment icon and choose whether you want to send or request money. A pop-up window appears where you can input the amount and add a note, and send. The entire process takes place in the Gmail app. The best part is that there are no fees involved. You can configure it so the money you receive through Gmail goes directly into your bank account.
By letting Gmail users directly send and receive money, Google is competing with PayPal and Square Cash. With more competition in payment apps, consumers will benefit in the end. For now, the feature is available on Gmail on the web and Android.
— Gmail (@gmail) March 14, 2017
If you don’t have Android phone, you can still try out the new Google feature on desktop Gmail using Google Wallet. It’s free and there’s no transaction fee to send or to receive money via Gmail.