diff --git a/src/components/IOUConfirmationList.js b/src/components/IOUConfirmationList.js
index 224a13be27b2..50db4c7b272b 100755
--- a/src/components/IOUConfirmationList.js
+++ b/src/components/IOUConfirmationList.js
@@ -24,6 +24,9 @@ const propTypes = {
     /** Callback to inform parent modal of success */
     onConfirm: PropTypes.func.isRequired,
 
+    /** Callback to to parent modal to send money */
+    onSendMoney: PropTypes.func.isRequired,
+
     // Callback to update comment from IOUModal
     onUpdateComment: PropTypes.func,
 
@@ -149,7 +152,7 @@ class IOUConfirmationList extends Component {
     onPress(value) {
         if (this.props.iouType === CONST.IOU.IOU_TYPE.SEND) {
             Log.info(`[IOU] Sending money via: ${value}`);
-            this.props.onConfirm();
+            this.props.onSendMoney(value);
         } else {
             Log.info(`[IOU] Requesting money via: ${value}`);
             this.props.onConfirm(this.getSplits());
@@ -387,7 +390,7 @@ class IOUConfirmationList extends Component {
                             onPress={this.onPress}
                             shouldShowPaypal={Boolean(recipient.payPalMeAddress)}
                             recipientPhoneNumber={recipient.phoneNumber}
-                            currency={this.props.localCurrencyCode}
+                            currency={this.props.iou.selectedCurrencyCode}
                         />
                     ) : (
                         <ButtonWithMenu
diff --git a/src/libs/API.js b/src/libs/API.js
index 60ebf7334203..253679e5e285 100644
--- a/src/libs/API.js
+++ b/src/libs/API.js
@@ -530,6 +530,7 @@ function Graphite_Timer(parameters) {
  * @param {Object} parameters
  * @param {Number} parameters.reportID
  * @param {String} parameters.paymentMethodType
+ * @param {Object} [parameters.newIOUReportDetails]
  * @returns {Promise}
  */
 function PayIOU(parameters) {
@@ -541,6 +542,7 @@ function PayIOU(parameters) {
 /**
  * @param {Object} parameters
  * @param {Number} parameters.reportID
+ * @param {Object} [parameters.newIOUReportDetails]
  * @returns {Promise}
  */
 function PayWithWallet(parameters) {
diff --git a/src/libs/actions/IOU.js b/src/libs/actions/IOU.js
index 80bfdfa8ab11..4395e52621d6 100644
--- a/src/libs/actions/IOU.js
+++ b/src/libs/actions/IOU.js
@@ -246,25 +246,36 @@ function buildPayPalPaymentUrl(amount, submitterPayPalMeAddress, currency) {
  * @param {String} params.paymentMethodType - one of CONST.IOU.PAYMENT_TYPE
  * @param {Number} params.amount
  * @param {String} params.currency
- * @param {String} [params.submitterPhoneNumber] - used for Venmo
- * @param {String} [params.submitterPayPalMeAddress]
+ * @param {String} [params.requestorPhoneNumber] - used for Venmo
+ * @param {String} [params.requestorPayPalMeAddress]
+ * @param {String} [params.newIOUReportDetails] - Extra details required only for send money flow
+ * @param {Boolean} [params.shouldRedirectToChatReport]
  */
 function payIOUReport({
-    chatReportID, reportID, paymentMethodType, amount, currency, submitterPhoneNumber, submitterPayPalMeAddress,
+    chatReportID,
+    reportID,
+    paymentMethodType,
+    amount,
+    currency,
+    requestorPhoneNumber,
+    requestorPayPalMeAddress,
+    newIOUReportDetails,
+    shouldRedirectToChatReport = false,
 }) {
     Onyx.merge(ONYXKEYS.IOU, {loading: true, error: false});
+
     const payIOUPromise = paymentMethodType === CONST.IOU.PAYMENT_TYPE.EXPENSIFY
-        ? API.PayWithWallet({reportID})
-        : API.PayIOU({reportID, paymentMethodType});
+        ? API.PayWithWallet({reportID, newIOUReportDetails})
+        : API.PayIOU({reportID, paymentMethodType, newIOUReportDetails});
 
     // Build the url for the user's platform of choice if they have
     // selected something other than a manual settlement or Expensify Wallet e.g. Venmo or PayPal.me
     let url;
     if (paymentMethodType === CONST.IOU.PAYMENT_TYPE.PAYPAL_ME) {
-        url = buildPayPalPaymentUrl(amount, submitterPayPalMeAddress, currency);
+        url = buildPayPalPaymentUrl(amount, requestorPayPalMeAddress, currency);
     }
     if (paymentMethodType === CONST.IOU.PAYMENT_TYPE.VENMO) {
-        url = buildVenmoPaymentURL(amount, submitterPhoneNumber);
+        url = buildVenmoPaymentURL(amount, requestorPhoneNumber);
     }
 
     asyncOpenURL(payIOUPromise
@@ -291,7 +302,13 @@ function payIOUReport({
             }
             Onyx.merge(ONYXKEYS.IOU, {error: true});
         })
-        .finally(() => Onyx.merge(ONYXKEYS.IOU, {loading: false})),
+        .finally(() => {
+            Onyx.merge(ONYXKEYS.IOU, {loading: false});
+
+            if (shouldRedirectToChatReport) {
+                Navigation.navigate(ROUTES.REPORT);
+            }
+        }),
     url);
 }
 
diff --git a/src/pages/iou/IOUModal.js b/src/pages/iou/IOUModal.js
index 5c1eb004a4fd..c8270fd13c25 100755
--- a/src/pages/iou/IOUModal.js
+++ b/src/pages/iou/IOUModal.js
@@ -111,6 +111,7 @@ class IOUModal extends Component {
         this.addParticipants = this.addParticipants.bind(this);
         this.createTransaction = this.createTransaction.bind(this);
         this.updateComment = this.updateComment.bind(this);
+        this.sendMoney = this.sendMoney.bind(this);
         const participants = lodashGet(props, 'report.participants', []);
         const participantsWithDetails = _.map(OptionsListUtils.getPersonalDetailsForLogins(participants, props.personalDetails), personalDetails => ({
             login: personalDetails.login,
@@ -121,8 +122,6 @@ class IOUModal extends Component {
             payPalMeAddress: lodashGet(personalDetails, 'payPalMeAddress', ''),
             phoneNumber: lodashGet(personalDetails, 'phoneNumber', ''),
         }));
-        this.isSendRequest = props.iouType === CONST.IOU.IOU_TYPE.SEND;
-        this.hasGoldWallet = props.userWallet.tierName && props.userWallet.tiername === CONST.WALLET.TIER_NAME.GOLD;
 
         this.state = {
             previousStepIndex: 0,
@@ -193,6 +192,7 @@ class IOUModal extends Component {
      */
     getTitleForStep() {
         const currentStepIndex = this.state.currentStepIndex;
+        const isSendingMoney = this.props.iouType === CONST.IOU.IOU_TYPE.SEND;
         if (currentStepIndex === 1 || currentStepIndex === 2) {
             const formattedAmount = this.props.numberFormat(
                 this.state.amount, {
@@ -200,7 +200,7 @@ class IOUModal extends Component {
                     currency: this.props.iou.selectedCurrencyCode,
                 },
             );
-            if (this.isSendRequest) {
+            if (isSendingMoney) {
                 return this.props.translate('iou.send', {
                     amount: formattedAmount,
                 });
@@ -212,7 +212,7 @@ class IOUModal extends Component {
             );
         }
         if (currentStepIndex === 0) {
-            if (this.isSendRequest) {
+            if (isSendingMoney) {
                 return this.props.translate('iou.sendMoney');
             }
             return this.props.translate(this.props.hasMultipleParticipants ? 'iou.splitBill' : 'iou.requestMoney');
@@ -221,6 +221,22 @@ class IOUModal extends Component {
         return this.props.translate(this.steps[currentStepIndex]) || '';
     }
 
+    /**
+     * Update comment whenever user enters any new text
+     *
+     * @param {String} comment
+     */
+    updateComment(comment) {
+        this.setState({
+            comment,
+        });
+    }
+
+    /**
+     * Update participants whenever user selects the payment recipient
+     *
+     * @param {Array} participants
+     */
     addParticipants(participants) {
         this.setState({
             participants,
@@ -247,6 +263,7 @@ class IOUModal extends Component {
         if (this.state.currentStepIndex >= this.steps.length - 1) {
             return;
         }
+
         this.setState(prevState => ({
             previousStepIndex: prevState.currentStepIndex,
             currentStepIndex: prevState.currentStepIndex + 1,
@@ -254,28 +271,53 @@ class IOUModal extends Component {
     }
 
     /**
-     * Update comment whenever user enters any new text
+     * Checks if user has a GOLD wallet then creates a paid IOU report on the fly
      *
-     * @param {String} comment
+     * @param {String} paymentMethodType
      */
-    updateComment(comment) {
-        this.setState({
+    sendMoney(paymentMethodType) {
+        const hasGoldWallet = this.props.userWallet.tierName && this.props.userWallet.tierName === CONST.WALLET.TIER_NAME.GOLD;
+
+        // If the user is trying to send money, then they need to upgrade to a GOLD wallet
+        if (!hasGoldWallet) {
+            Navigation.navigate(ROUTES.IOU_ENABLE_PAYMENTS);
+            return;
+        }
+
+        const amount = Math.round(this.state.amount * 100);
+        const currency = this.props.iou.selectedCurrencyCode;
+        const comment = this.state.comment;
+
+        const newIOUReportDetails = JSON.stringify({
+            amount,
+            currency,
+            requestorEmail: this.state.participants[0].login,
+            comment,
+            idempotencyKey: Str.guid(),
+        });
+
+        IOU.payIOUReport({
+            chatReportID: lodashGet(this.props, 'route.params.reportID', ''),
+            reportID: 0,
+            paymentMethodType,
+            amount,
+            currency,
+            requestorPayPalMeAddress: this.state.participants[0].payPalMeAddress,
+            requestorPhoneNumber: this.state.participants[0].phoneNumber,
             comment,
+            newIOUReportDetails,
+            shouldRedirectToChatReport: true,
         });
     }
 
     /**
+     * Create the IOU transaction
+     *
      * @param {Array} [splits]
      */
     createTransaction(splits) {
         const reportID = lodashGet(this.props, 'route.params.reportID', '');
 
-        // If the user is trying to send money, then they need to upgrade to a GOLD wallet
-        if (this.isSendRequest && !this.hasGoldWallet) {
-            Navigation.navigate(ROUTES.IOU_ENABLE_PAYMENTS);
-            return;
-        }
-
         // Only splits from a group DM has a reportID
         // Check if reportID is a number
         if (splits && CONST.REGEX.NUMBER.test(reportID)) {
@@ -290,11 +332,12 @@ class IOUModal extends Component {
             });
             return;
         }
+
         if (splits) {
             IOU.createIOUSplit({
                 comment: this.state.comment,
 
-                // should send in cents to API
+                // Send in cents to API.
                 amount: Math.round(this.state.amount * 100),
                 currency: this.props.iou.selectedCurrencyCode,
                 splits,
@@ -305,7 +348,7 @@ class IOUModal extends Component {
         IOU.createIOUTransaction({
             comment: this.state.comment,
 
-            // should send in cents to API
+            // Send in cents to API.
             amount: Math.round(this.state.amount * 100),
             currency: this.props.iou.selectedCurrencyCode,
             debtorEmail: OptionsListUtils.addSMSDomainIfPhoneNumber(this.state.participants[0].login),
@@ -398,13 +441,13 @@ class IOUModal extends Component {
                                         >
                                             <IOUConfirmPage
                                                 onConfirm={this.createTransaction}
+                                                onSendMoney={this.sendMoney}
                                                 hasMultipleParticipants={this.props.hasMultipleParticipants}
                                                 participants={this.state.participants}
                                                 iouAmount={this.state.amount}
                                                 comment={this.state.comment}
                                                 onUpdateComment={this.updateComment}
                                                 iouType={this.props.iouType}
-                                                localCurrencyCode={this.props.myPersonalDetails.localCurrencyCode}
                                                 isGroupSplit={this.steps.length === 2}
                                             />
                                         </AnimatedStep>
diff --git a/src/pages/iou/steps/IOUConfirmPage.js b/src/pages/iou/steps/IOUConfirmPage.js
index faf91a48ceea..4dcf0373af38 100644
--- a/src/pages/iou/steps/IOUConfirmPage.js
+++ b/src/pages/iou/steps/IOUConfirmPage.js
@@ -7,6 +7,9 @@ const propTypes = {
     /** Callback to inform parent modal of success */
     onConfirm: PropTypes.func.isRequired,
 
+    /** Callback to to parent modal to send money */
+    onSendMoney: PropTypes.func.isRequired,
+
     /** Callback to update comment from IOUModal */
     onUpdateComment: PropTypes.func,
 
@@ -19,8 +22,6 @@ const propTypes = {
     /** IOU amount */
     iouAmount: PropTypes.string.isRequired,
 
-    localCurrencyCode: PropTypes.string,
-
     /** Selected participants from IOUMOdal with login */
     participants: PropTypes.arrayOf(PropTypes.shape({
         login: PropTypes.string.isRequired,
@@ -49,7 +50,6 @@ const defaultProps = {
     onUpdateComment: null,
     comment: '',
     iouType: CONST.IOU.IOU_TYPE.REQUEST,
-    localCurrencyCode: CONST.CURRENCY.USD,
 };
 
 const IOUConfirmPage = props => (
@@ -60,8 +60,8 @@ const IOUConfirmPage = props => (
         onUpdateComment={props.onUpdateComment}
         iouAmount={props.iouAmount}
         onConfirm={props.onConfirm}
+        onSendMoney={props.onSendMoney}
         iouType={props.iouType}
-        localCurrencyCode={props.localCurrencyCode}
         isGroupSplit={props.isGroupSplit}
     />
 );
diff --git a/src/pages/iou/steps/IOUParticipantsPage/index.js b/src/pages/iou/steps/IOUParticipantsPage/index.js
index b5296119dce4..d5397a978514 100644
--- a/src/pages/iou/steps/IOUParticipantsPage/index.js
+++ b/src/pages/iou/steps/IOUParticipantsPage/index.js
@@ -30,6 +30,8 @@ const propTypes = {
         isPinned: PropTypes.bool,
         isUnread: PropTypes.bool,
         reportID: PropTypes.number,
+        phoneNumber: PropTypes.string,
+        payPalMeAddress: PropTypes.string,
     })),
 
     /* Onyx Props */