Cookie policy
Follow this topicFollow this topic Knowledge » Current accounts

Barclays launches Pingit mobile-to-mobile payments

Simon Ward
by Lovemoney Staff Simon Ward on 16 February 2012  |  Comments 17 comments

The bank's new app will allow customers of any UK bank or building society to send money by mobile.

Barclays launches Pingit mobile-to-mobile payments

Barclays has launched the first mobile-to-mobile payments service. The Pingit app allows people to send and receive money just by using mobile phone numbers.

Pingit will eventually be available to adult customers of any UK bank or building society. At the moment only Barclays current account holders can use it to send money, although anyone with a UK bank or building society account can receive cash. It’s expected to be available to all by early March.

The app, which is available on the Apple iOS, Android and Blackberry operating systems, links a person’s current account to their mobile phone number.

Barclays says transfers are completely safe and the app is protected by a five-digit passcode. The money is sent via the Faster Payments system so should transfer across immediately.

The minimum payment that can be sent is £1, with the maximum £300, although these can be made over several payments. The maximum amount a user can receive in one day is £5,000.

If a user is not registered to receive payments, any pending payments will be held for 24 hours before being cancelled if the recipient doesn’t register within that time.

Barclays customers can also see their live account balance on the app. To find out more, go to www.barclays.co.uk/pingit or phone 0333 2001012.

Want to see all your bank accounts and credit cards in one place online? Try lovemoney's free and secure MoneyTrack tool

More: Why your current account matters | Charity ends schools education partnership with payday loans company

Enjoyed this? Show it some love

Twitter
General

Comments (17)

  • EastExpert
    Love rating 30
    EastExpert said

    I hope they make app for the Windows Phone as well.

    Why would I want it?

    Simply, because I hate cash.

    Cash is money taken out of circulation, out of accounts into a "pocket", are more difficult to remember where they have gone (the rest of transactions leave electronic trace), don't bring any interest, can be taken from you at a knife point, can be lost.

    I hate touching dirty paper/tissue pieces,

    I hate coins that some people are stupid enough to throw into rubbish or put into CoinMaster losing 7.9%.

    I hate how £10 disappears in a blink, even if you bought just a choco bar and a coke.

    I hate parking machines not giving you changes on stupid pretenses that storing coins is dangerous.

    I hate gimmick jars "round it up to the next pound".

    I hate impulse unnecessary purchases which are so easier to make using cash.

    Nice and simple, I hate cash with my guts.

    So whatever allows me to pay the exact sum, out of my live account, never touching tissue and metal, pay just the sum and not "round to next pound", easily trace it later in my bank account statement - hurray, bring it on.

    Report on 22 February 2012  |  Love thisLove  0 loves
  • RMN05
    Love rating 11
    RMN05 said

    I'm with "fenemore". £15 year is about my annual mobile cost. Just love it when cold callers want to save me money on mobile costs. "We can do blah de blah for £10 a month". Yes, but can you do it for £1.25 a month ? Soon shuts them up. When I'm out of the house, do I really need to speak to someone remotely via a phone, only very, very rarely, and most of this App stuff does seem so superfluous to one's real needs in life.

    Report on 22 February 2012  |  Love thisLove  0 loves

Post a comment

Sign in or register to post a reply.

Related content

Our top deals

Provider & account name Credit rate (AER)
Based on £1		 Overdraft
rate
Based on £1		 Apply
now

Santander 123 Current Account

0.0%† 0% plus £1.00 per day usage fee Apply

Barclays Bank Account

N/A Up to £200 – 0% interest pa (variable). Over £200 and up to £5,000 – 19.3% interest pa (variable) Apply

first direct 1st Account

N/A 0% Apply
W3C  Thank you for using CGWEBLIV2