German payments firm Wirecard has partnered with mobile payment start-up MyOrder, part of Rabobank, to roll out a shared wallet named GRPPY.
The app is aimed at enabling people share expenses in a convenient mobile way.
Wirecard said people can collect money and keep a shared balance for buying tickets for festivals or can share the tab for an evening out. All of this can now be done by creating a group, invite the group members to join and deposit money via iDEAL.
One person within the group can spend the money on behalf of the members. Top-ups and spendings can be traced by all group members, it added.
MyOrder CTO Gertjan Rosken said: "MyOrder wants to make life more easy for people through mobile innovations, often with a financial component. Splitting the bill is always a hassle in groups, a mobile group wallet really solves that problem."
Susanne Steidl, executive vice president issuing at Wirecard added: "We are pleased that we can expand our cooperation with MyOrder in the field of FinTech. We want to support new and innovative companies to bring new mobile payment products to the market. As a partner we pave the road to more advanced and additional services for startups."