PayPal's iPhone app surpasses the 1 million mark

If there are any indications from the recent announcement that there were over 1 million downloads for the PayPal iPhone app, it has to be that there are plenty of PayPal users out there that call Apple's pride and joy their handset of choice. They've accomplished the feat in only a matter of three weeks after hitting the App Store – the convenience factor comes in as the app allows user to send and receive money right on their handset. One cool feature that made the app somewhat more interactive was the inclusion of “Bump money transfers” and “Split the Check.” There is no shortage in the way people are relying more on their phones to perform cash transfers; whether it be on the PayPal app or other banking software. The PayPal app is also available for Android and BlackBerry, but there have been no figures being tossed around as to the amount of times it has been downloaded for those platforms.

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via Unwired View