ShareNPay: Social networking meets social payments

I imagine the invite list for the launch of this app is fairly long given the quality of the presentation and the apparent ease of use of each feature. Its uniqueness will also not go unnoticed. Using social networking at its base ShareNPay will allow users to activate many functions on their mobile phones without the need to constantly open and close others.

Using the approach that says social networks need social payments the app allows for individuals or businesses to set up a profile and then create groups. All of the recognizable features of a social network will be available with the addition of the ability to pay and receive money. This aspect is particularly useful when groups of friends share a night out but not the bill and settling up can be done in an easy traceable way after the event. People in a flat share situation will also find it useful to manage shared living expenses.

The app doesn’t stop with groups of friends and the Billboard feature contains posts from sellers in a classified manner and allows for interaction with possible buyers. There is also a Daily Deal function that lists latest offers in alphabetical order.

The actual underlying cash movement starts with a user allocating an amount of money from a selected bank account and crediting the ShareNPay account. Any payments made will be deducted from this account and likewise any funds received from within the ShareNPay community will be added to it. A simple process will allow for excess funds to be quickly transferred back to the chosen bank account.

The launch of this app is eagerly awaited and if it lives up to its billing it should be worth the wait.

Conclusion
This could certainly have other payment sites looking over their shoulders and with the additional features it’s no wonder.