PayPal is introducing a new money-pooling feature that aims to make it easier to collect and pay for things as a group. The feature is free and allows PayPal users to create a pool online or via the platform’s app, invite friends and family to contribute, track contributed funds, and transfer that cash to their own PayPal balance.

PayPal is launching a few features that let users in groups pool money with friends or family for trips, travels, gifts, and shared experiences. The

PayPal has rolled out a money pooling feature for friends and family to share expenses on group purchases. This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

PayPal is launching a few features that let users in groups pool money with friends or family, to collectively pay for trips, travels, gifts, and anything else. "Re-launching" might be the more appropriate verb here: PayPal actually had a pooling feature in place before,