PayPal launched v3 of its Mobile App for iPhone, that now support "push notifications" and "search engine for local merchants." You can set up push notifications to happen whenever you send or receive money, purchase something through PayPal, or receive a request for money. Push notifications willn't work on jailbroken devices or if your iPod touch is in sleep mode.
PayPal Local functionality beta is now added in the app. This allows you to see all nearby businesses that accept PayPal or Bling. You can narrow your search by distance or business type.
Also, you can now sign up for PayPal from within the app and control the length of time you remain logged into the app. A new help center is also available, with FAQ and customer service contact information.
Download From: iTunes App Store