Bump Pay Lets You PayPal Someone With A Tap, But Only In-Person

Now it’s as easy as a fist-pound to pay a friend back for dinner, drinks, or a cab. Bump http://bu.mp/ , the popular contact sharing app developer, today releases a new standalone iOS app called Bump Pay http://itunes.apple.com/us/app/bump-pay/id512114276?mt=8 that lets you transfer money via PayPal to anyone in arm’s reach. But that’s also Bump Pay’s biggest limitation. Unlike Venmo where you send money to any phone number near or far, Bump Pay only works in-person.

Josh Constine

Full Story: http://techcrunch.com/2012/03/29/bump-pay/