PayPal has released an updated version of the PayPal iPhone App. PayPal v2.0 has got many changes and the notable feature is the addition of “Bump“. Bump in the PayPal iPhone App allows you to quickly initiate transactions.

With PayPal iPhone App users can easily send money using their iPhone to friends and family. Managing your PayPal account right from your mobile device will be very easy and you will get many more features with the security and protection from PayPal. With PayPal v2.0 you can withdraw funds from your PayPal balance into your bank account, collect money from a group, event, gift, or cause and request money.

New Features in PayPal v2.0

• Brand new look and feel
• Bump: Easily start by bumping iPhones.
• Withdraw funds from your PayPal balance.
• Request Money: Get paid faster, it’s the easy way to ask for the money you are owed.
• Split the Check: Instantly split the bill, calculate tip, and request everyone’s share.
• Collect Money: Ask for contributions from a group for an event, gift, or cause.
• Set Reminders: Never miss rent or a bill.

Download PayPal [iTunes Link]