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23Mar/100

Send Money By Bumping iPhones; Split Check With Contacts With PayPal’s New iPhone App

PayPal, eBay's popular online transaction division has released a new version of their iPhone application that gives the app a much needed face-lift.

In addition to this, PayPal 2.0 also brings several exciting new features to the iPhone that could make the app all the more useful.

Bump to Send Money:

PayPal has partnered with Bump Technologies to offer an easy way for users to initiate transactions with friends by bumping their iPhones together. The prominent display of the easy-to-use bump feature in the new version of the app is possibly an attempt at making PayPal the platform of choice among friends to send and receive money.

Split the Check:

The iPhone app offers an easy way to split bills, calculate tips and instantly request contacts for their share of the bill.

PayPal's updated iPhone app also includes:

  • Withdraw PayPal funds to local bank account
  • Request contacts for money
  • Set reminders to pay rent or bills
  • Refer the app to a friend

PayPal is among the earliest iPhone apps to be available on the App Store and it continues to be a popular way for iPhone users to make transactions on the go. The new design and features should make the process much simpler and intuitive especially to transfer money between friends. If you wish to install this app, you may do so by clicking here (iTunes Link).

Bump to send money and split the check are quite cool features. As always, do let us know your views on PayPal's new iPhone app in the comments section below.

[via TechCrunch]

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