You can now send money by SMS: Here’s how

Google Wallet has just made it easier to send money to anyone with a phone. Now you can send money to anyone in your contact list using just a phone number.

Here are the steps:

1.Install the Google Wallet app for Android or iOS

2.Initiate process to send money and select the option to send via SMS

3.When you send money to a phone number, the recipient will get a text message with a secure link.

4.The recipient doesn’t need to have the Google Wallet app installed to receive the cash. They can simply enter their debit card to claim the money and it will be available in their bank account within minutes.

This service is currently US only, so if you are resident outside of the USA, don’t get too excited yet.