Lahore (Web Desk): Skype , one of the biggest video chat service, has announced to add a feature to send money to anyone and anywhere in the world through the application as it partnered with PayPal for the service.

According to Skype , now users don’t have to switch between video chat service app and a banking app to send the money . The new feature will enable the users to send money without switching app to app by just tapping the send money icon and the money will be transferred within a few seconds.

For sending the money to friends, family or any other particular individual you first need to update your Skype mobile app for iOS or Android to the latest version otherwise you will not be able to access the new feature. However, the one who is receiving money can use any version of Skype mobile app, the restriction is only for the sender, not the receiver.

If you are sending the money for the first time, you will be asked to confirm your location. Moreover, if you or the person you are sending money to don’t have a PayPal account, the Skype mobile app will then direct you or the receiver to a new link so that you or the one on the receiving end can easily make a PayPal account.

“Currency exchange is no problem,” the Skype team wrote. “If you’re sending funds from the US, for example, to someone in Europe, you will have the option to send money in Euros.”

This feature is initially available in 22 countries including US, United Kingdom, Austria, Belgium, and Canada etc. The company has not yet confirmed when this new feature will be available in Asia. However, at some point in the future it is expected to roll out to Skype users in Pakistan and other Asian countries.

PayPal service is not available to Pakistanis right now but the service providers are working on bringing PayPal to Pakistan.

This is not the first time PayPal has collaborated with social platforms to expand its services. Previously it has partnered with Apple, Slack, and Microsoft to give access to users to send money with ease and flexibility.