The initial wave of Windows Phone 8 apps continues to pour in as we draw closer to the October release of the new OS. The most recent addition to the collection is an official PayPal app, complete with “Modern” UI design cues and all the usual features you’d expect from a PayPal app.

As you’d expect, the PayPal app for Windows Phone will allow you to do all the major things you’d want to use PayPal for, like sending a receiving money, checking your account balances, and withdrawing funds into your real bank account. It also has a couple handy extras that are exclusive to the mobile version, such as a location-aware feature that will find local merchants who will except PayPal transactions in person.

Early reviews of the app on the official Windows Phone store indicate that it’s a pretty solid app, with many reviewers praising PayPal’s implementation of the Modern UI. While the app is obviously destined for Windows Phone 8, the current version works on older versions of the mobile OS too, all the way back to Windows Phone 7.5. If you’re an avid PayPal user and Windows Phone owner, you can download the app now from the Windows Store.

Download PayPal app for Windows Phone [Direct Link]