Money transfers via PayPal were even more common and popular after the establishment of the new version of its application for the iPhone: PayPal Mobile 2.0, which has surpassed one million downloads, something that is clearly amazing.

The application was released on iTunes on March 15th and features new functions, such as Bump money transfer, which conducts money transfers when the user “shake” his / her iPhone, Split the Check to divide the bill between friends and Collect Money allowing to be possible to receive amounts.

PayPal Mobile 2.0 for iPhone is part of the new company’s strategy focused on mobile applications. In November last year, PayPal has launched PayPal Developer Network X, a channel created to assist developers in integrating technology with the company’s mobile network. Some of the results of the program were on display last month, with the announcement of the first winners of the PayPal Developer Challenge X.

PayPal also has a software development kit (SDK) for the device, still in closed testing period, which will allow developers to access the PayPal system from their own applications.

Via: PayPal Blog.