VocaLink and mobile banking specialists Clairmail are working together to develop real-time P2P mobile payments products.
The partnership brings together Clairmails m-payments solutions and VocaLink’s Faster and Immediate Payments capabilities.
In a statement, VocaLink said the move will enable banks “to provide a roadmap of innovative, real-time banking solutions through the mobile channel”.
Marc Terry, Managing Director for Global Transaction Services at VocaLink, said: “As smartphone sales continue to soar and consumer demand for mobile banking increases, financial services organisations can no longer ignore the huge potential of the mobile channel when it comes to delivering a successful consumer payments strategy.
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“Our partnership with Clairmail will enable banks to effectively deliver innovative banking solutions, benefiting from a truly end-to-end solution.
