Skype does not want to be left behind in the race, which is why it has forged a partnership with PayPal to give more reasons to the users to start using the app for other features than just video calling.
Those sending money to friends or family will need to download the latest version of the Skype iOS or Android app, though the person receiving it can be using any version. "Over the past year, we've partnered with Apple, Slack and Microsoft to enable peer-to-peer (P2P) payments with PayPal and Venmo in more places and in more contexts where people are connecting online and on mobile, such as a voice command with Siri, in chat with iMessage and Slack and in email via Microsoft's Outlook.com".
TechCrunch explains where to find the feature when you receive the update. Available in 22 countries at launch, the Send Money feature allows you to pay a friend from at any point from the conversation window.
The following countries work with this Send Money feature as of this week. Sending is free as long as you use your PayPal balance or a debit card in the United States. And don't worry about sending money overseas.
This integration between Skype and PayPal makes it incredibly easy for users to transfer money to a contact on Skype without having to jump between this app and their browser or banking app.
Send Money now works in the US, Canada, UK (Jersey, Guernsey, Isle of Man), Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, Netherlands, Portugal, San Marino, Slovakia, Slovenia, and Spain.