PayPal launches new app

PayPal has announced the launch of its new personalised app.

New features and services include the UK-based PayPal Generosity Network – a platform where users can create, share, and promote fundraisers – and two-way messaging for peer-to-peer transactions.

Additionally, the app creates a single place to send and receive money to friends, family and businesses, pay with PayPal QR Codes, access and manage credit and 'Pay in 3’ services, buy, hold and sell cryptocurrency, as well as support charities.

The new PayPal app also includes a new dashboard providing a personalised view of a customer’s PayPal account including an at-a-glance carousel providing a snapshot of PayPal balance and upcoming ‘Pay in 3’ instalments; a Wallet tab to manage payment instruments and review payment and account activity; Finances which includes PayPal’s buy, hold, and sell cryptocurrency product; and the Payment Hub, which includes the ability to pay with QR Codes, as well as PayPal’s send and receive money features, international remittances, charitable and non-profit giving, and a two-way messaging feature to send notes of acknowledgment after peer-to-peer transactions.

“We’re excited to introduce the first version of the new PayPal app, a one-stop destination for our customers to take charge of their everyday financial lives,” said Dan Schulman, president and chief executive of PayPal. “Our new app offers customers a simplified, secure and personalised experience that builds on our platform of trust and security and offers PayPal customers in the UK new ways to support the causes close to their heart, send and receive money, buy, hold and sell crypto, manage Pay in 3, pay with QR Codes and much more in one app.”

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