PayPal has upgraded its iPhone application introducing new features including the capacity to pass money to another simply by bumping smartphones together.
The new feature marshals tech from start-up Bump Technologies. Additional new talents include enabling a user to send a money request to contacts from within the App. Also new is the facility to transfer cash from PayPal into your bank account using the App.
And there’s more: you also get an integrated tip calculator and bill splitter, and reminders to warn you when you need to send or withdraw money. There’s also a child-friendly ‘PayPal for Kids’ area which lets children access a parentally-controlled sub-account.
PayPal offers similar applications for BlackBerry and Android smartphones. Source: TechCrunch
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