An upcoming update by Google is Wallet app. It would significantly modify that how users are sending and receiving money from it. Rather than demanding the e-mail address of the recipient. Now, this new app only needs a phone number. The recipient will be able to get a text message with a more secure link by using this method for sending money. The recipient only needs to enter their debit card number to collect their funds or money. This money transferring process takes place in a couple of minutes. This process is considered a simplest way than the currently methods that are being used for funds transferring process. It is important that both sending and receiving parties should install this app on their devices and they must have a bank account which must be linked to it.