PayPal now became an even more attractive instrument for SMEs thanks to the launch of PayPal Business a mobile application that allows companies to track activities of their account, sending invoices, and view their customer information into a single platform. The application aims to stimulate SMEs to use tools from the world of mobile a sector in strong growing and increasingly used for each activity, including that of online shopping.
In fact, the only day of Cyber Monday PayPal it found an increase of 50% of transactions carried out by the mobile devices over the previous year. For many small companies, the ability to manage on the move all the activities such as transactions and invoices can be an important advantage for their business because it allows you to work from any place and at any time of day. The application also allows users to create, send, and attach photos to invoices directly from their phone. Through the application, businesses can monitor sales activities, withdraw funds, repay customers and send payment reminders, as well as manage customer lists, contacts, and view task history, and much more.
Last year, PayPal processed more than 4.9 billion transactions and there are currently 192 million active accounts on the platform. For SMEs, the company plans to gradually add new features that can facilitate their work. The PayPal Business application alongside the already available for consumers application through which they can manage their account online and make purchases.
PayPal business, at the moment, is only available for American companies and can be used inside of the platforms iOS and Android . It will be available in other countries in 2017.