Retail in Asia

In Trends

Tap phones to transfer funds

Splitting the bill at a restaurant or settling road trip expenses can be as simple as tapping two phones together to transfer the funds.

Bump Pay is a new app for person-to-person mobile payments developed by Bump, the maker of the app of the same name that allows the instant transfer of contact information and photos.

With over 85 million downloads in the United States in the past three years of the original Bump app, the company is expanding its focus to other areas using its design philosophy, which is to minimise the friction involved in exchanging information and data between people.

(Source: Shanghai Daily)