PayPal has just updated its iOS app with a couple of features aimed at further enhancing the apps convenience and security.
First up, the official iOS app of the popular eBay-owned digital payment company adds support for saving gift cards to the app and tracking their balances as well. This is in addition to support for digitizing loyalty cards, which was added to the app in July.
Second, the latest update to PayPal for iOS adds support for logging in to the app using PayPals Security Key feature. Available via a $30 card-sized device or through text message, Security Key creates random temporary codes that can be used to log in to PayPal accounts with extra security.
According to a recent report, Apple Pay, which was launched in October, already accounted for 1 percent of total digital payments in the U.S. in November. In addition, throughout the month, 60 percent of Apple Pay adopters used the service multiple times, while competing services including PayPal were used repeatedly by only 20 percent of users.