BlackBerryInsight

There has been a new addition in the world of BlackBerry applications which are used as money transfer app. The new development has been brought up by MasterCard, which is definitely good news for the BlackBerry users. MasterCard has introduced an application for the BlackBerry handsets, and it has been named as MoneySend app. The new application will work exclusively for the Research In Motion’s BlackBerry handset. With the use of the application, BlackBerry users will be able to make easy payments to the vendors, and they can even send money to their family and friends.

Unfortunately, the application will be available in the United States only. The ongoing tussle between RIM and Indian government has blocked the roads for this new application. And, looking at the scenario, it seems quite difficult to see such new developments in India soon. You can download the application from the BlackBerry app world.

As far as the compatibility is concerned, the new MoneySend app is compatible with Apple’s iOS and Google’s Android platform. But this is definitely not the first application of its kind. Smartphone users across the world are already using such application, and one of them is from PayPal. The rival of MasterCard, PayPal service has three mobile applications, which are designed for three platforms. The application is compatible with BlackBerry, Android, and iOS. The MoneySend application from MasterCard is works quite similar as that of PayPal, which offers transfer of money from one person to other person. In simple words, the application is more or less like a credit card, which can be used for transferring money from your account to other account, and vice-versa. So, you need is to be a registered user of the service.

There are numerous benefits offered by the MoneySend app, and the features are definitely impressive. For transferring or accepting money from any credit or debit card will not cost you anything. It means that you will not have to pay anything to use its basic feature. But, if you want send money to your friends or family member’s account, you will have to pay some fees as service charge. You can use your MoneySend app account to make payments for informal goods and services. Using your account, you can even request money from people who owe you money. It will also provide you complete details of your entire transaction history. You can keep a record of each and every payment sent and received through your account. Apart from them, you can also use this service for simplifying your business collection under the non-profit scheme.

Website: MoneySend for BlackBerry download