Recently, PayPal has launched an upgraded iPhone application with new features and utilities that can increase level of security for PayPal users on iPhone. This new application too has added advantage for bump technologies which allows transferring information easily by tapping phones together with each other. Bump is now used innovatively in the new PayPal iPhone application as a quick method to have transactions.

And this offering by PayPal is not new as it has launched an iPhone Application since the launch of App store from mid-2008 and is been improving simultaneously since that time. The above said application has some new features; first of all it allows you to send a money request to your contacts. Next you can withdraw money from your paypal account and can deposit it into your bank account. And most importantly it has Bump integration that allows you to exchange money by simply tapping two iPhones together and entering amount of transaction.

More it has a tip calculator and bill splitter as well as reminder function that alerts when you are required to send and withdraw money. Further on this application has ‘PayPal for Kids’ program that allows kids and teenagers to access PayPal sub account linked to their parent’s. Overall this is very good news for Bump that still is a young start up and with the help ‘PayPal’ it can go very high on it.