Barclays Pingit, a smartphone-based payment service, has been launched for all customers of British banks and building societies.
Barclay's Pingit app for iPhone, Android and BlackBerry lets people send and receive cash using just a phone number. Image credit: Barclays
To use Pingit, people complete an online form to link their banking details with a mobile phone number. Once accepted, they download the Pingit app from the Apple iOS, Android and BlackBerry app stores to their smartphone. They can use this plus a five-digit security code to send between £1 and £300 to another handset, or receive a payment.
The app has racked up more than 400,000 downloads since its launch, and the service is being used by eBay merchants and small businesses, according to Barclays.
"Barclays Pingit is proving to be more popular than even we were expecting," the bank's retail chief executive Antony Jenkins said in a statement. "We are listening to customer feedback and monitoring the demand for additional functionality, so there's a lot more to come over the next few months."