BlackBerry Ltd (NASDAQ:BBRY) in an official blogpost revealed today it is collaborating with Paypal Holdings Inc (NASDAQ:PYPL). The two have developed a method for people to easily send and receive payments via BBM chats. The beta version of the app will be available to users from tomorrow. In addition to Blackberry users, the beta version will also be accessible by iOS and Android BBM users residing in Canada. The service will make its way to other geographical locations after a few weeks. The payments feature on BBM is very easy to use, as the user just has to select the PayPal “Send Money” icon and subsequently connect to his or her PayPal account. Once the user’s peers also install this feature, the exchange of funds can be carried out. Users will have to simply click on the Paypal icon on their BBM chat and enter the amount they intend to transfer following that. What makes it even more interesting is that it does not require users to have a Paypal application already installed in their respective mobile devices. In the past, Blackberry has displayed a variety of apps in the secured mobile payments category. These include instant mobile payments through BBM Money, along with a feature that allows users to send prepaid mobile credit to others. Shares of Paypal were down more than 2% in mid-day trading, while those of Blackberry were up almost 2% at the same time.
Blackberry has announced that it is collaborating with Google on developing a service that will allow users to send and receive payments via BBM , Google 's payment service ; the beta version of the app is available to users from today .