Payments giant PayPal has introduced a new PayPal Business app to offer businesses an easy way to manage their account activity and invoice management.
The new app will enable vendors to get paid easily by creating and sending customized invoices, manage account activity and their customers information in one place.
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The PayPal Business app also includes the already established company’s money transfer feature that allows funds to be transferred to and from a linked bank account.
Initially, the PayPal Business app will be available in the US on iOS and Android. The app will be rolled out in other regions in 2017.
Founded in 1998, PayPal in 2015 processed 4.9 billion transactions, and currently has 192 million active customer accounts. The payment provider is available in more than 200 markets, allowing customers to get paid in more than 100 currencies.
PayPal allows users to withdraw funds to their bank accounts in 56 currencies and hold balances in their PayPal accounts in 25 currencies.
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By GlobalData
