PayPal Enhances Mobile App Features in Latest Update

PayPal Enhances Mobile App Features in Latest Update

February 23, 2016         Written By Bill Hardekopf

The latest update to the PayPal mobile app was recently released, giving users a chance to send, spend, and request money with greater simplicity on their smartphones and tablets. Approximately 25% of PayPal transactions occur through mobile devices, and that number is projected to increase significantly over the next year.

With the new update, users can enjoy a range of simplified features that speed up popular transactions. For instance, users can now group people from their contact book into a special hub on the app, so they can send and request money as quickly as possible. In the last two years, peer-to-peer transactions on PayPal have doubled in volume.

The new home screen for the app gives a breakdown of all recent transactions, including pending payment requests and recent contacts. Pending and completed transactions are now separated to better organize transactions.

The entire app has been optimized for better customization in foreign markets, so users can have the same experience in any language. PayPal currently covers 145 markets around the world, and the company is expanding every year.

Mobile in-store purchases have been enhanced, due to partnerships with companies such as Yelp and Eat24. PayPal has also improved its security features to allow for Android-based fingerprint identification on more devices.

PayPal’s mobile market has grown tremendously over the last few years. The company saw a 28% increase in mobile charitable donations in 2015, in addition to the growth of its P2P sector. The PayPal app is available on all major mobile platforms, including Android, Apple, Windows Phone, Fire OS, and BlackBerry.



The information contained within this article was accurate as of February 23, 2016. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


bill-hardekopf

About Bill Hardekopf

Bill Hardekopf is the CEO of LowCards.com and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.
View all posts by Bill Hardekopf
Featured Low Interest Card
Top Features : 1.25X miles on every purchase; no annual fee; bonus of 20,000 miles once $1,000 is spent in first 3 months
Featured Cash Back Card
Top Features : 1.5% cash back on all purchases; $150 bonus after spending $500 in first 3 months
Featured No Annual Fee Card
Top Features : Earn cash back TWICE. 1% when you buy plus 1% as you pay; 0% APR for 18 months on balance transfers
Featured Bad Credit Card
Top Features : Perfect credit not required; Reports to major credit bureaus
Featured Fair Credit Card
Top Features : No annual fee; access to higher credit line after making first 5 monthly payments on time
Featured Limited/No Credit
Top Features : No annual fee; reports to major credit bureaus; access to higher credit line after making first 5 monthly payments on time