PayPal's iPhone App Hits 1 Million Downloads In Under 3 Weeks

Wednesday, April 7th, 2010

Robin Wauters currently works as a staff writer for TechCrunch and lead editor of Virtualization.com. Aside from his professional blogging activities, he’s an entrepreneur, event organizer, occasional board adviser and angel investor but most importantly an all-round startup champion. Wauters lives and works in Belgium, a tiny country in Europe. He can often be found working from his home or... → Learn More

Ecommerce giant eBay has been reaching big milestones with its mobile apps, and apparently PayPal, its electronic payments subsidiary, is striking a chord with mobile users around the globe as well.

The company, which boasts more than 81 million active accounts in 190 markets and 24 currencies around the world, says its new iPhone app (iTunes link) has been downloaded an impressive one million times in less than three weeks since its debut.

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.

Thanks to an integration with Bump Technologies, users can exchange information and quickly close PayPal transactions simply by ‘bumping’ (tapping) their smartphones together.

PayPal Mobile supports fifteen languages and also features a global currency calculator. It has been in the App Store, free of charge, since mid-2008.

The company also boasts applications for Android and Blackberry devices, but to date hasn’t released download numbers for those platforms.

Company: PayPal
Website: paypal.com
Launch Date: January 12, 1998
Funding: $197M

PayPal is an online payments and money transfer service that allows you to send money via email, phone, text message or Skype. They offer products to both individuals and businesses alike, including online vendors, auction sites and corporate users. PayPal connects effortlessly to bank accounts and credit cards. PayPal Mobile is one of PayPal’s newest products. It allows you to send payments by text message or by using PayPal’s mobile browser. PayPal created the Gausebeck-Levchin test, which is an implementation...

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Product: App Store
Company Apple

The iTunes App Store allows iPhone users to download apps that take advantage of all the iPhone/iPod touch features. Users can either download the app through iTunes or directly from their cellphones.

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