Paypal invented a new way to pay someone with your phone. This micro-payment application is right now for the iphone for free. The Bump technologies makes connecting as simple as bumping two phones together. Just watch this Paypal video for more information:

Payments are free from a bank or PayPal account, and there are varying fees if the payer uses a credit card.
Just Awesome!

Paypal Israel logo It's happen, the young Paypal Israel team make a revolution Thursday. After 10 years that we was waiting this kind of service from Paypal, we can now withdraw our Paypal account to our local Israeli bank account!!