Hey Buddy, Can You Bump Me A Buck?

When the Internet started to become a place of commerce, there was a need for a way to perform financial transactions. PayPal came into existence as a way to meet that need for performing financial transactions on the Internet, and it is now branching out to meet a need for performing financial transactions between mobile phones. With PayPal’s mobile money application, two iPhone users can transfer money between their PayPay accounts by simply bumping their iPhones together.