Barclays to participate in the Payments Council’s mobile payment service scheme Paym

Posted on 11, March 2014 by | This entry was posted in Banks, Business, Financial, Technology, United Kingdom and tagged , , , , , , . Bookmark the permalink.

LONDON, UK, 11-3-2014 — /EuropaWire/ — Barclays confirms it will participate in the Payments Council’s mobile payment service scheme Paym, following an announcement today.

The initiative will allow customers to send and receive payments using just a mobile number to users across a number of UK banks and building societies participating in the scheme. Paym will be available via the existing Barclays Pingit app when the launch date is announced in April.

Darren Foulds, Barclays Mobile Banking and Pingit Product Director said: “As a leader in mobile banking innovation following the launch of Barclays Pingit in February 2012, Barclays is pleased to offer customers an additional way for mobile payments, widening access for all. Customers can still use Pingit in conjunction with Paym. We welcome the Payments Council’s initiative which aims to bring the rest of the industry up to date by offering consumers a simple, convenient way to make payments from current accounts. We have seen increased customer demand for mobile payments via the Pingit app and are confident our customers will use both methods to suit their needs.”

Barclays Pingit is available to both customers and non-customers. Since launch in February 2012, Pingit has over 2.5mdownloads and over £350m has been sent through the service. In February 2014 Barclays saw an increase in Pingit downloads by 149% compared to February 2013.

Notes to Editors:

*Pingit case studies available on request*

For more information on Barclays Paym, visit:

www.barclays.co.uk/MobileBankingServices/WhatisPaym/P1242664103814

To download the Barclays Pingit app, visit: www.barclays.co.uk/Mobile/BarclaysPingit/P1242603570446

About Barclays Pingit
Launched in February 2012, Barclays Pingit was the UK’s first service to facilitate the instant payment and receipt of money using mobile phone numbers to anyone with a UK current account and UK mobile phone number, without the need to share bank details. Using the Faster Payments Scheme, payments are immediate and the app is free to use for retail customers of any UK bank.

The Barclays Pingit app works with Android 2.2 and above, IOS 4.2 and above, and Blackberry OS 4.6 and above.

Barclays is a major global financial services provider engaged in retail banking, credit cards, corporate and investment banking and wealth management with an extensive international presence in Europe, the Americas, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 140,000 people. Barclays moves, lends, invests and protects money for 48 million customers and clients worldwide.

Press office Twitter feed: @barclaysuknews

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