PayPal updates Android payment application

Digital commerce solutions provider PayPal issued version 2.0 of its free Android smartphone application, introducing new tools already available in the firm's corresponding iPhone app. First and foremost, the upgraded Android app boasts bump technology, enabling users to tap their respective phones together to send money from one PayPal account to the other. Also new: Split the Check, which automatically calculates the cost of a restaurant meal and collects money directly from everyone at the table. "We hope these new features make it even easier to get paid back on the spot the next time you're stuck picking up the tab," writes PayPal Mobile senior director Laura Chambers on the PayPal Blog.

Chambers notes that PayPal's mobile traffic continues to grow--over the first six months of 2010, users generated mobile payment volume almost doubling the total generated in all of 2009. PayPal adds it expects to close out the current year with more than $500 million in mobile payment volume.

For more on the revamped PayPal for Android:
- read this PayPal Blog entry

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