PayPal announced today that its new mobile application is now available to mobile users in APAC. iPhone, Blackberry and Android phone users can download the PayPal application for free via the respective app stores. Users of other mobile handsets can access it via their WAP browser.
The PayPal mobile application allows users to quickly and securely send money for personal payments such as paying back money owed to a friend or splitting the cost of a dinner bill, etc. PayPal members can also check their account balances and view their past transaction history whilst on the go. To ensure mobile payments remain secure, each transaction is confirmed by a password.
Additionally, to celebrate the launch of this new service, PayPal is offering a 10 percent rebate on purchases made via PayPal mobile at this year’s Singapore Tat2 Show (http://www.tattoo.com.sg/). Attendees who pay for their tattoo using PayPal via their mobile phone at the show can qualify for the rebate.
“Consumers today want fast, secure and convenient methods of conducting their online financial transactions,” said Rahul Shinghal, Regional Mobile Manager for PayPal Asia Pacific. “With a mobile penetration rate of 131 percent[ii], it is clearly evident that the mobile phone is an essential part of daily life here in Singapore. PayPal’s availability on the mobile is a natural development for us as we strive to provide our users here with the most convenient and secure online transaction experience available. With PayPal’s new mobile application, users can now securely manage their money online and send money for payments quickly, both locally and around the world.”
The PayPal mobile application is free to download at:
BlackBerry App World: www.blackberry.com/appworld
iPhone: www.apple.com/iphone/apps-for-iphone
Other phones: m.paypal.com/sg
For more information on PayPal mobile, please visit https://www.paypal.com/sg/cgi-bin/webscr cmd=xpt/Marketing/mobile/MobileiPhone-outside
PayPal is a leader in safer online payments with more than 78 million active accounts[iii] in 190 markets around the world. This global reach, paired with the growth of mobile phone penetration, will enable a safer and easy way to send mobile payments. Users can send personal payments to anyone in their contact list, eliminating the need to remember email addresses and phone numbers. Users can also check their recent history and account balance directly from their mobile device.
About PayPal
PayPal is the faster, safer way to pay and get paid online. The service allows members to send money without disclosing financial information, with the flexibility to pay using their account balances and credit cards. With more than 78 million active accounts in 190 markets and 24 currencies around the world, PayPal enables global ecommerce. The company's open payment platform, PayPal X, allows developers to build innovative payment applications on multiple platforms and devices.
In the U.S., PayPal is the most preferred payment service on the Web after Visa. In the UK and Australia, PayPal is the most preferred payment service on the Web[iv].
PayPal’s Total Payment Volume, the total value of transactions in 2008 represented nearly 9 percent of global e-commerce[v].
PayPal is headquartered in San Jose, California. Its international headquarters (PayPal Pte. Ltd.), is located in Singapore.
PayPal is an eBay company. More information about the company can be found at www.paypal.com/sg
Consumer advisory - PayPal Pte. Ltd., the holder of PayPal's stored value facility, does not require the approval of the Monetary Authority of Singapore. Users are advised to read the terms and conditions available at www.paypal.com/sg carefully before use.
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