Barclays opens Pingit phone payments to all

Barclays opens Pingit phone payments to all

Summary: 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.

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Barclays Pingit, a smartphone-based payment service, has been launched for all customers of British banks and building societies.

Pingit app

Barclay's Pingit app for iPhone, Android and BlackBerry lets people send and receive cash using just a phone number. Image credit: Barclays

The service lets people carry out mobile-to-mobile transactions without having to share their banking details. Introduced in February for Barclays Bank customers only, it has now been extended to other UK current account holders, Barclays said on Thursday. It arrives a month later than expected, as the company initially said it hoped to put out the update in early March.

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."

Topic: Tech Industry

Karen Friar

About Karen Friar

Karen Friar is news editor for ZDNet in the UK, based in London. She started out in film journalism in San Francisco, before making the switch to tech coverage at ZDNet.com. Next came a move to CNET News.com, where she looked after west coast coverage of business technology, and finally a return to her homeland with ZDNet UK.

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