PayPal launches latest version 2.0 PayPal mobile application for Iphone and PayPal users,
It allows you to send money and also you can withdraw money out of your PayPal account and deposit it into your bank account. This application has integration with Bump Technologies “Bump is a quick and easy way to connect two phones by simply bumping them together. Exchange your phone number, photos, or compare friends with just a bump”
Application Features: You can exchange money, It includes Bump money transfers which allows users to exchange and transfer funds simply by tapping two IPhones together between their PayPal accounts,
This application also provides options like Calculator and Bill Splitter using this feature you can request money from multiple users for a joint purchase.
You can download the free app here.