PayPal's new app design prioritizes P2P payments
PayPal has given its iOS and Android mobile app a major overhaul.
Amidst the bevy of changes, users will find a cleaner, more streamlined look with the app's most-used feature -- sending peer-to-peer transactions -- made more prominent.
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The payments company says that in the last two years it has seen a 100 percent growth in the number of P2P transactions happening in the app, so the redesign is really centered around this feature.
Users will now find a personalized hub where they can request money from their mobile contacts and find a list of people they transact with most often.
In a lot of ways, the new P2P focus makes the app very Venmo-esque. PayPal of course owns Venmo, and recently revealed that the social payments platform processed over $1 billion in payments during the month of January.
Beyond the P2P changes, the new app also brings transaction details, pending payment requests and recent contacts to the new home screen. PayPal said it has fine tuned Android fingerprint authentication to work on more devices and separated account activity by pending and completed transactions.
PayPal said the app is iterative, meaning it can be customized for each of the 145 local markets where the app is live. The extensible framework will also allow the company to add more features as time goes on.
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