Techulus [rating:4.5]
PayPay has finally unveiled the new version of its iPhone application. A quick view at the new features:
1. Lets people transfer money by “bumping” two of the Apple smartphones.
The Bump feature in Version 2.0 of the Send Money app can move funds quickly between PayPal accounts by simply putting two iPhones together.
2. Includes a split check feature that lets users divide and quickly reimburse each other for the cost of a meal, including tax and tip, for up to 20 people.
3. Collect Money, lets a person request money from multiple people for collective purchases, such as gifts from a group. In addition, gifts of money may be sent immediately.
4. Other features in the new Send Money app include the ability to set reminders for recurring payments and to manage PayPal accounts. For international transactions, the application features a global currency calculator and 15 languages. Send Money requires a PayPal membership and a PIN or password for every transaction to prevent unauthorized use. The application, unveiled Tuesday, is available free through Apple’s App Store.
To download the application, go to app store in you iPhone/iPod and search for ‘Paypal’.
