Mac OS X

PayPal Launches New Send Money App for iPhone

Posted by on Mar 19, 2010 | 6 Comments

PayPal has unveiled a new Send Money application for iPhone. Version 2.0 of the PayPal Send Money app gives PayPal and iPhone customers around the world secure mobile access to their money and convenient features for everyday life, including Bump money transfers, Split Check and Collect Money.

With “bump” users can put two iPhones together, and funds are quickly transferred between their PayPal accounts. The Split Check feature lets users conveniently divide and quickly reimburse each other for the cost of a meal, including tip and tax, for up to 20 people. Collect Money allows users to request money from multiple people for a joint gift, team dues, concert tickets, and more. Users can send gifts of money on the spot for birthdays, anniversaries or any moment of impulsive generosity.

The new Send Money app comes at a time when smartphone sales have surpassed 172.4 million units in 2009*, and consumers worldwide are expected to spend $119 billion** by 2015 through their mobile phones. PayPal mobile transactions have increased nearly six-fold, from $25 million in 2008 to $141 million in 2009.

“Today, you leave the house with three critical things: your phone, your wallet and your keys,” said Osama Bedier, PayPal’s vice president of platform and emerging technology. “PayPal Send Money lets consumers access their wallets through their phones. Because with PayPal, the wallet lives in the cloud – the mobile phone is just one device customers can use to access it.”

With the new PayPal Send Money app, users can set reminders for recurring payments, donate money to their favorite causes, and manage their PayPal accounts – all from the iPhone. For international transactions, it also features a global currency calculator and 15 languages. PayPal Send Money requires a PIN or password for every transaction to help prevent unauthorized use.

The application is now available to download for free at the Apple iTunes store online or the Apple App Store from any iPhone or iPod Touch.

For more information, visit PayPal.com/mobile.

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  • Brian Dane

    SSD are still a infant hardware, I am not willing to trust them just yet.

  • http://twitter.com/charlieisaacs Charlie Isaacs

    I just switched to SSD on a Dell Latitude 6420 (yes I also have a Macbook Pro so leave me alone.) I am using this as my demonstration machine and on my old E6400 it took about 6 minutes to fully boot a 60GB VMware demo partition. When I boot the identical partition on the SSD on my 6420 it boots in less than a minute. Talk about a productivity boost.

  • http://twitter.com/mlknez mlknez

    SSD is great for a boot/operating system/pagefile drive while a standard hard drive works well for storage of programs/data/audio/video/photo/backups/etc. All of my customers are now set up this way for maximum speed and efficiency.

  • Marcus Tucker

    “Limited to a storage capacity of 512 MB on models presently available on the consumer market” – surely should be “512GB” ?!

  • Eduardo P. Dias

    What about hybrid drives? The price is way more attractive, and the performance gains are more impactant that any RAM or CPU upgrade that I’ve made in the past. I/O KILLS computers, and that is where your money should go.