In a press release published on 21 September, PayPal announced the launch of its new app for customers in the U.K. The new and improved mobile application will bring a slew of features to its users, including direct deposits, bill pay, a digital wallet, peer-to-peer payments, messages, shopping tools, and crypto capabilities.
The app’s new dashboard will provide a personalized view of the customers’ account balance, wallet, payments, and finances. The Finances Hub will include PayPal’s ability to buy, hold, and sell cryptocurrency products, while the Payments Hub will introduce the ability to pay with QR codes.
Users will also be able to access a two-way messaging feature to send notes of acknowledgment after completing peer-to-peer transactions, the company said.
“We’re excited to introduce the first version of the new PayPal app, a one-stop destination for our customers to take charge of their everyday financial lives,” said Dan Schulman, the President and CEO of PayPal. “Our new app offers customers a simplified, secure and personalized experience that builds on our platform of trust and security and offers PayPal customers in the UK new ways to support the causes close to their heart, send and receive money, buy, hold and sell crypto, manage Pay in 3, pay with QR Codes and much more in one app.”
The launch of the app completes PayPal’s cryptocurrency offering in the U.K. The company first enabled its U.K. customers to buy, sell, and hold cryptocurrencies earlier in August.