Apparently mobile users like the idea of PayPal on their mobile phones. PayPal says its iPhone app has been downloaded 1 million times in less than three weeks.
“With PayPal Mobile on the iPhone, trips to the ATM are a thing of the past,” said Osama Bedier, PayPal’s vice president of platform and emerging technology. “One million downloads shows just how ready people are to live a cashless and card-free culture with their wallet living safely in the cloud.”
With the new PayPal Mobile iPhone app, users can split restaurant checks, collect money for events, set reminders for recurring payments, donate to their favorite causes and manage their PayPal accounts. For international transactions, PayPal Mobile supports 15 languages and features a global currency calculator.
The application is available to download for free at the Apple iTunes store online or the Apple App Store from any iPhone or iPod touch.