Thursday, March 29, 2012
Bump Pay Lets You PayPal Someone With A Tap, But Only In-Person
Now it's as easy as a fist-pound to pay a friend back for dinner, drinks, or a cab. Bump, the popular contact sharing app developer, today releases a new standalone iOS app called Bump Pay that lets you transfer money via PayPal to anyone in arm's reach. But that's also Bump Pay's biggest limitation. Unlike Venmo where you send money to any phone number near or far, Bump Pay only works in-person. The standalone app comes from Bump Labs, Bump's experimental wing for trying out new features. Rather than risk complicating its 84 million-install flagship app right away, the developer will only bring money transfers to all its users if Bump Pay generates traction and delight.