24 October 2017
visit www.atos.net

Bump launches iPhone payment app

29 March 2012  |  5444 views  |  0 iphone apps on screen

After being removed from the PayPal app, Bump Technologies has unveiled its own iPhone payment tool, enabling users to send money to each other by tapping handsets together.

The original Bump, which is used to share contacts and photos, is one of the most popular smartphone apps in history, with over 80 million downloads.

In 2010, PayPal incorporated the technology into its own iPhone app, meaning customers could log in to their account, enter the payment details and then bump their phone against the recipient's handset. An Android version soon followed.

However, last year PayPal signalled a change of direction, unveiling an NFC-based widget for phone-to-phone payments in an approach it argued is simpler to use than Bump, requiring fewer steps. Sure enough, earlier this month Bump was dropped from the latest PayPal iPhone app.

However, now a dedicated Bump Pay app has been launched, the first fruits of its internal incubator, Bump Labs. Once downloaded and linked to a PayPal account, users just type in the amount of money they want to send and then bump phones.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

PayPal adopts NFC for direct phone-to-phone payment transfers

PayPal adopts NFC for direct phone-to-phone payment transfers

14 July 2011  |  8826 views  |  0 comments
ING Direct introduces Bump payments option for iPhone users

ING Direct introduces Bump payments option for iPhone users

04 May 2011  |  12178 views  |  0 comments
PayPal iPhone app lets users 'bump' phones to pay

PayPal iPhone app lets users 'bump' phones to pay

16 March 2010  |  13001 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comvisit www.vasco.comvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
20041 views comments | 31 tweets | 43 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
15353 views comments | 24 tweets | 32 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
11059 views comments | 12 tweets | 23 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
9185 views comments | 15 tweets | 29 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job