Just like the recent update to Facebook for Android (minus the battery draining issues), PayPal’s Android application has just received an update which puts it on par with its iOS counterpart.

Along with a heavily refined UI, the latest version includes two major new features. Bump, which allows you to share money with a friend by tapping your phones together, and Split the Check, which can calculate the cost of a bill for each person and allow them to all pay their portion simultaneously. Of course, the app still allows you to check your balance, as well as send and receive money from your account.

You can try the app out by downloading it free in the Market. Tell us what you think!

Source: Paypal Blog