Latest Podcast



Featured Articles

Thursday, February 16, 2012

Barclays launches person-to-person mobile money transfer service using phone numbers

Barclays has launched what it’s describing as Europe’s first person-to-person service for sending and receiving money using mobile phone numbers. It’s called Barclays Pingit and will allow anyone with a UK current account, UK mobile phone number and compatible smartphone to send and receive money at no additional cost. The sending part of the service is currently only available to Barclays current account customers but is expected to be available to everyone by early March.

Customers set the service up by registering their current account and mobile phone number with Barclays, either online or by downloading the Barclays Pingit app on an Apple iOS, Android or BlackBerry device.

Sending money requires the app, although anyone who’s registered a UK mobile number can receive payments and will be notified by text message. The app itself is protected by a five-digit passcode set by the user.

Antony Jenkins, Chief Executive of Barclays Retail and Business Banking, said “Barclays Pingit could revolutionise the way people send and receive money. For friends splitting the cost of dinner, repaying a borrowed £10 or people sending money to a son or daughter at university, it’s free, quick, convenient, secure, and easy to use. You can send and receive money in seconds, without having to enter account details. We’re committed to making customers’ lives much easier, giving them more choice in how they manage their money, and Barclays Pingit absolutely does that. But it is not just Barclays customers who benefit as it’s available to current account customers of all the other UK banks too. I’m sure we’ll soon be wondering what we did before it.”

Barclays Pingit allows a maximum payment of £300, a daily sending limit of £300 and a daily receiving limit of £5000.

Last year, Bank of America, JPMorgan Chase and Wells Fargo announced a US-based payment network called clearXchange. This enabled person-to-person payments using a mobile phone number or email address for identification.

Print
Author: The Fonecast
1 Comments
Rate this article:
No rating

1 comments on article "Barclays launches person-to-person mobile money transfer service using phone numbers"

12
2
Avatar image

Jay G

2/23/2012 7:32 AM

What Barclays' Pingit (www.barclays.co.uk/pingit) does in Britain sounds very much like what Dwolla does here in the U.S., up to the pricing, because, while Pingit is free, Dwolla charges $0.10 per transaction above $10 (anything below that is free). The thing is that, if a British bank is doing it, soon enough its American cousins will start doing it too and I just don't see how Dwolla could compete with them as a stand-alone service. After all, Dwolla has to charge something, however small the amount, while the banks apparently do not. For analysis: blog.unibulmerchantservices.com/barclays-pingit-shows-why-dwolla-like-start-ups-stand-no-chance

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment

Opinion Articles

How AI technology is transforming the smartphone experience

How AI technology is transforming the smartphone experience

From improved performance to personalized recommendations, AI is enhancing the functionality and usability of smartphones for users

By incorporating advanced algorithms and machine learning capabilities, AI can help to optimize a smartphone's performance, providing users with a faster, more efficient and user-friendly experience.
Author: The Fonecast
0 Comments
Article rating: No rating
Whatever happened to all my tech?

Whatever happened to all my tech?

Mark Bridge revisits his mobile technology reviews

Mark Bridge writes:

I've been taking a look back at the devices I've written about during the past few years. Some are still faithful companions, others... well, let's just say my faith was misplaced.
Author: The Fonecast
0 Comments
Article rating: No rating

Predictions for 2016: Network Function Virtualisation, 4G throttling and video calling

Mark Windle, head of marketing at OpenCloud, predicts that this year’s reduction in the number of traditional telecoms operators in some countries will provide an opportunity for other operators to innovate and capture market share in 2016.

He says next year will be a year of rapid change for telecoms… whether it’s MVNO disruption, competitive tariff pricing or simply defence from the ‘dark art’ of hacking.

Author: The Fonecast
0 Comments
Article rating: No rating
Kapture review: the audio-recording wristband

Kapture review: the audio-recording wristband

A 'recording watch' that links to your smartphone

Mark Bridge writes:

The most memorable moments in life often go unrecorded. You don't have your camera in your hands. Your finger is still hovering over the 'pause' button on your audio recorder. Or you were simply too busy experiencing whatever was happening. It's all about the one that got away.

That's where Kapture can help.

Author: The Fonecast
4 Comments
Article rating: 4.0
Making mobile websites work better

Making mobile websites work better

Device detection and responsive design explained

Mark Bridge writes:

James Rosewell shows me a colourful roll of paper that's the width of an iPhone but well over three metres long. When I look closer, I can see it's a printed copy of the Wall Street Journal's mobile website. That's a lot of scrolling to do... and a pretty unfriendly user experience for anyone reading the news online. Why does it work so badly?

Author: The Fonecast
1 Comments
Article rating: 4.0
RSS
12345678910Last

Recent Podcasts

Mobile Monday London: Mobile, Maps & Geolocation (part 2)

Podcast - 28th June 2013

This is part 2 of Mobile, Maps & Geolocation - so much more than "Where am I?"

It's a Mobile Monday London panel discussion with Gary Gale, Christopher Osborne, Jeni Tennison, Ian Holt and Harry Wood. Part 1 is available as a separate podcast.

Author: The Fonecast
0 Comments
Article rating: No rating

Mobile Monday London: Mobile, Maps & Geolocation (part 1)

Podcast - 28th June 2013

This week's Mobile Monday London event featured a panel discussion about the opportunities for mobile-based geolocation and mapping. The event was supported by UK mapping agency Ordnance Survey.

In this podcast you'll hear the first part of the evening's discussion plus interviews with Nokia's Gary Gale, who chaired the panel, and Ian Holt from Ordnance Survey. Part 2 is available as a separate podcast.

Author: The Fonecast
0 Comments
Article rating: No rating

New mobile products, a new smartphone company, a new CEO and plenty of other news

Podcast - 26th June 2013

This week's podcast starts with the world's slimmest smartphone (at least for the moment) before introducing a new smartphone company and even more new products from Samsung.

We're also talking about the battle of Instagram vs Vine, the sale of O2 Ireland, mobile retail web usage, the new CEO of BT and a new report about an unexpected health threat to mobile phone users.

Author: The Fonecast
0 Comments
Article rating: No rating

Cameras, navigation, tickets and shopping... all on mobile phones

Podcast - 18th June 2013

Samsung has put a 10x optical zoom lens on a smartphone, Google is acquiring navigation app Waze and the European Commission is getting ready to equip cars with an emergency call system.

We're also talking about a strike threat at O2, the risk of 'showrooming' to high-street retailers, the end of Symbian smartphones and plenty more as well.

Author: The Fonecast
0 Comments
Article rating: No rating

iOS7 is announced, PRISM is leaked and roaming charges are threatened

Podcast - 12th June 2013

We start this week's podcast with Apple's announcement about the new version of its iOS platform - and follow this with a look at the privacy concerns surrounding the US government's PRISM operation.

Next come Samsung's new phones, Ericsson's new contract, a potential end to European roaming charges, some sophisticated mobile malware and plenty of other news stories as well.

Author: The Fonecast
0 Comments
Article rating: No rating
RSS
First1617181921232425Last

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«June 2024»
MonTueWedThuFriSatSun
272829303112
3456789
10111213141516
17181920212223
24252627282930
1234567

Archive

Terms Of Use | Privacy Statement