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January 13, 2016updated 04 Apr 2017 3:59pm

ING launches payments app Twyp in Netherlands

Banking major ING has launched Twyp, a peer-to-peer-payment app, in the Netherlands following its successful launch in Spain recently.

By Verdict Staff

Banking major ING has launched Twyp, a peer-to-peer-payment app, in the Netherlands following its successful launch in Spain recently.

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Twyp, an abbreviation of The Way You Pay, allows users to transfer money instantly to contacts on their mobile devices.

After downloading the app, users need to create a Twype account and deposit money over iDeal or a credit card. Money transfers can be done via a chat function and a personal code confirmation.

The app, which is available free for iOS and Android devices, is available for both ING customers and non-ING customers.

ING Netherlands director of daily banking Heidi van Eijk said: "ING continues to look for ways to make payments more simple and easier. For example, Twyp is a simple solution to the problem of paying back a friend after a night out. You don’t need long bank account numbers to exchange money.

"With Twyp, you just go to your contact list. On the basis of just a telephone number, you can then transfer money. Your smartphone is all you need."

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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