PayPal shares dipped about 1 percent on Tuesday after Google said it would make it easier to send and receive money via email.
The Gmail app on Android now lets U.S. users receive or request money as an email attachment, Google said in a blog post. It has no fees, and can work even if the payor or payee doesn’t have a Gmail account, according to Google.
The feature was already available on web browsers in some areas. But Tuesday’s new feature challenges the dominance of PayPal’s Venmo in mobile.
