PayPal opens mobile payments library to developers

PayPal has announced that it has released its Mobile Payments Library for the iPhone and ipaypal mobile banking Pad into open beta. Originally released as a closed beta to select developers at Macworld 2010, the PayPal Mobile Payments Library allows developers to quickly and easily add checkout functionality to their iPhone apps to allow users to purchase physical goods and services directly from within the app. Several apps are already available on the App Store that use the new Mobile Payment Library, such as Baublet, an app that allows users to purchase customized charms using their PayPal accounts. The new Mobile Payments Library can be downloaded from the PayPal X Developer Network.