Barclays has upgraded Pingit app, a service now offering large businesses the ability to make payments by using a mobile number without the need to take sensitive bank details.
Insurance companies, retailers, utility companies and others will be able to send payments without the need to hold banking or card details by using Barclays’ File Gateway to send money directly to individual Pingit accounts, which are open to both Barclays and non-Barclays customers.
Go deeper with GlobalData
Mike Walters, head of UK corporate payments at Barclays said: "Consumers today want quick and convenient ways to receive value. Mobile payment provides a fast and secure way to do this without the need for consumers to disclose their account number.
"For businesses it is becoming increasingly important to consider the use of mobile payments as part of their overall business strategy, reducing costly cheque use and improving the experience for their customers."
Related articles:
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataBarclays’ Pingit powers UK to Kenya remittances
Payleven signs distribution deal with Ingram Micro
Transdev launch new mobile ticketing payments solution with Corethree
