PayPal ‘Send Money 2.0’ iPhone application is now available in Apple iTunes app store. The new features include tapping iPhones together to transfer funds (via Bump technology), splitting the check for a meal (plus tax and tip for up to 20 people) and getting reimbursed right on the spot. Collect Money allows friends to divide the cost of, say, a camping trip and reimburse each other quickly, and Request Money means you’ll get that $20 your brother promised to chip in for Mom’s Mother’s Day present. With the new PayPal Send Money app, users can set reminders for recurring payments, donate money to their favorite causes, and manage their PayPal accounts — all from the iPhone. For international transactions, it also features a global currency calculator and 15 languages. PayPal Send Money requires a PIN or password for every transaction to help prevent unauthorized use.