Barclays Pioneers Mobile Payments with Pingit App

As if there were any doubt that mobile wallets are the future, Barclays just launched what it's calling Europe's first person-to-person service for sending and receiving money using mobile phone numbers, and saw 20,000 Brits sign up in the first two days. The bank's free mobile app, powered by Pingit, is free to download and use, and promises secure transfer of funds in seconds, which will show up immediately on customers' bank statements.

The Barclays Pingit mobile payment system is available to any UK resident with a UK registered mobile number, users must be 18 or older and need an Android phone, BlackBerry or iPhone smartphone with with web access. Barclays current account customers can send up to £300 a day to family, friends and small businesses. Non-Barclays customers with a current account can receive payments, and "soon they'll be able to send money too," according to the bank.Continue reading...