Thanks for suggesting UPI as a payment method. We’re looking into UPI, and would like to know your thoughts on how you’d like Splitwise to support UPI:
- Integrate with a UPI app like BHIM or PhonePe
- Integrate with your banking app
- Let you send money to a virtual address, phone #, or IFSC from within Splitwise
- Something else?
Please let us know in the comments!
Hey Navneet! We support a few options in the US (PayPal and Venmo), and we just added an integration with Paytm for our Indian users. We’d love to add more. Hopefully in the future!
We’re now integrated with Paytm on Android! Check out our blog post about it here: https://blog.splitwise.com/2017/05/23/announcing-a-splitwise-paytm-integration-for-android/
Storing bank account #s is unfortunately tricky, as there are some serious security concerns around bank #s here in the US and in some other countries. Still, we’d like to do it if possible. It’s not on our roadmap yet, but we’re definitely considering it for the future.
Sorry for the trouble! It’d definitely be interesting to transfer money directly through Splitwise (without using PayPal/Venmo/Square Cash/etc). We haven’t built that feature so far because there are a lot of regulations around transferring money, and we’d need to do a lot of technical and legal work, but it’s on our list of possible things to do in the future.
An error occurred while saving the commentAbhay commented
currently, I can only see balances but it will make more sense if I can directly transfer the money from the app. Currently, I see the amount go to any other app from which I transfer the amount and then come back to splitwise to add that transaction. But all of this can be simplified if splitwise provides the ability to transfer the amount directly. Splitwise can ask for bank account details or UPI(in India) from their users and save it and use the same details while settling up. For example, suppose A owes Rs 1000 to B and both A and B have saved their bank details with splitwise. Now when A chooses settle up with B, splitwise asks for the amount and in the next step transfers the money using any payment gateway or account transfer. The process of transfering may have 2-atep authentication for security purpose. In this whole way, A does not need to know bank details of B as splitwise already has that information. A just had to authenticate the transfer from his bank.
This is one way of doing it, you can also ask users to enter details manually and then transfer. There are many ways this can be achieved but the best efficient way should be selected by splitwise.
I have heard from many of my splitwise friends wanting this feature.
Hope it makes sense.