Barclays Pingit extended to all banks

| April 13, 2012
Barclays Pingit extended to all banks

Barclays’ recently-launched Pingit app can now be used by customers of all UK banks and building societies.

The app, which allows users to send and receive up to £300 between bank accounts, simply by entering the recipent’s phone number, has been available since February, but only to Barclays account holders.

It reduces the need for people to share their personal bank details and it has proved popular since its launch, with 400,000 copies being downloaded in just eight weeks.

Antony Jenkins, chief executive of Retail and Business Banking at Barclays said, “Barclays Pingit is potentially a revolution in banking but this is just the beginning.

“We are listening to customer feedback and monitoring the demand for additional functionality so there’s a lot more to come over the next few months.”

Pingit is compatible with IOS, Android and Blackberry smartphones, but not with Microsoft’s Windows Phone platform.

Meanwhile the Telegraph has reported a further development in the mobile banking sphere.

A contactless payment system from Orange called Quick Tap is being rolled out to Android phone and to users of all UK credit and debit cards.

Quick Tap was launched in May last year with Barclaycard, on the Samsung Tocco and Samsung Wave 578.

Like Barclays’ PingIt service, Quick Tap links a user’s handset to an account, allowing them to pre-load up to £150 and pay for goods simply by waving the phone across a designated reader.

The readers are already available in fast food outlets such as Subway, McDonalds and Pret a Manger, and other retailers are quickly coming on board including major supermarkets.

Quick Tap can only be used on phones equipped with near-field communications (NFC) technology and an announcement from Orange is expected shortly on which Android handsets will be compatible.

The system currently allows transactions of up to £15 in value, but this will be increased to £20 in June.

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