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

Motorola cuts jobs, Digia acquires Qt and Starbucks partners with Square

Podcast - 15th August 2012

This week's edition of The Fonecast starts with news that Motorola Mobility is to lose around a fifth of its staff worldwide. There's also more reorganisation at Nokia, which is passing its Qt software business to Digia.

In addition we're talking about a new US partnership between Starbucks and Square, some good news for Research In Motion, a worrying report for Samsung and a major milestone for Shazam.

Author: The Fonecast
0 Comments
Article rating: No rating

BlackBerry PlayBook, Vodafone's start-up plans, Google Wallet and more quarterly results

Podcast - 8th August 2012

We start this week's edition of The Fonecast with a new product from RIM: the mobile-enabled BlackBerry PlayBook. Next comes Vodafone's move to Tech City and Google moving its mobile wallet into the cloud.

You'll also find the latest batch of quarterly results, some mobile data research and a story about sheep sending SMS text messages.

Author: The Fonecast
0 Comments
Article rating: No rating

Samsung and Apple's quarterly results, smartphone sales figures and much more

Podcast - 1st August 2012

There are plenty of quarterly results to report in this week's edition of The Fonecast, including Samsung, Apple, Telefonica and Facebook. In addition, we have new research that shows how smartphone sales are racing ahead as feature phone sales slow down.

There's also news about mobile coverage in the Channel Tunnel, mobile application downloads and m-commerce.

Author: The Fonecast
0 Comments
Article rating: No rating

Doug Suriano of Tekelec talks about net neutrality for mobile networks

Podcast - 30th July 2012

In today's podcast we're talking to Doug Suriano, Chief Technology Officer at mobile broadband solutions company Tekelec, about net neutrality.

Net neutrality is the principle that consumers are not restricted in the ways they're able to use their internet connection. The topic is often in the headlines, either because some governments may want to prevent their citizens from viewing certain types of information - or because of commercial restrictions.

Author: The Fonecast
0 Comments
Article rating: No rating

Ofcom prepares the UK for 4G, WAC joins the GSMA and O2 talks about compensation

Podcast - 25th July 2012

We start this week's podcast with two news stories from Ofcom. Not only has the regulator announced its plans for the UK's 4G spectrum auction, it's also released research that shows we're texting more than we talk.

There's a look at the changing relationship between HTC and Beats Electronics, O2's apology for the network outage earlier this month and the Wholesale Applications Community's integration into the GSMA.

Author: The Fonecast
0 Comments
Article rating: No rating
RSS
First2930313234363738Last

Follow thefonecast.com

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

Archive Calendar

«October 2024»
MonTueWedThuFriSatSun
30123456
78910111213
14151617181920
21222324252627
28293031123
45678910

Archive

Terms Of Use | Privacy Statement