PayPal Introduces Money Pooling Feature in US, 3 EU Countries

MT Newswires Live11-15

PayPal (PYPL) said Thursday it has introduced a new feature that lets customers collect money from friends and family for shared expenses like group gifts, travel or special events.

The free service is now available in the US, Germany, Italy and Spain, and users can invite others to contribute even if they don't have a PayPal account, the company said.

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