Going dutch? There's an app for that

The new Paypal app, described in the video above, is potentially a real game changer. Just as the Square payment system is empowering people to accept card payments on the move, paypal takes this thinking one stage further, doing away with the card altogether. Mobile payments will surely be one of the most exciting new technologies this year, and it will be interesting to see which ultimately wins out. Don't ask us to predict though; we will be doing no such thing in fear of backing the "Betamax."