Need to go Dutch with your friends, roommates? Walnut app will make it simpler

Do you often get hassled with splitting bills among friends and roommates? Walnut, a personal finance management mobile app has just launched an app that will help you manage shared expenses and quick money transfer in a simpler way.  

The company has announced smart features like bill split over chat and real time P2P (Peer to Peer) money transfer to bank accounts using only Debit cards - eliminating the need to remember and exchange account numbers and IFSC codes.

The app works in collaboration with Visa and ICICI Bank. It uses Visa APIs and ICICI Bank payment gateway. These innovative features make it convenient for millions of debit card users in India to transfer money and move to cashless payments.

"Young professionals and college students travel to different cities and live with roommates and friends. Managing shared expenses and quick money transfer is a task critical for them, but it is time consuming. The new Bill split and pay features make the experience fast and simple, eliminating the friction around paying friends.", says Amit Bhor, CEO, Walnut.

If you wish to split a restaurant bill with a friend, all you need to do is select the expense that is automatically tracked by Walnut, and choose friends to split with. In order to settle an expense or do a P2P money transfer, a user needs to enter his own debit card. There is no exchange of bank account numbers/IFSC codes or mobile wallets in between.

Users without Visa debit cards can also use the bill split & money transfer feature on Walnut. Walnut has also launched an iOS version of its app called WalnutPay, which enables users to split bills and send/receive money from friends.