Barclays has launched a person-to-person payments service that enables Brits to send and receive money using mobile phone numbers. To send money through Barclays Pingit, users download a free, password-protected app for their iPhone, BlackBerry or An Link to external site : Website for Barclays Pingit Mobile P2P - UK |  |
| Brand | |
| Launched in | |
| Status |
Active Register/Log In |
| Launch |
2012 Feb Register/Log In |
| Importance |
High Register/Log In |
| Traction |
Very High Upgrade to Bronze |
| Evaluation | |
| Account Type |
Bank Account Register/Log In |
| Business Model | |
| Class |
| Send | Services | Receive | ||||
|---|---|---|---|---|---|---|
 Mobile |
 Account |
 |
 DMT  IMT |
|
Account |
Mobile |
| Model |
bank based Upgrade to Bronze |
| Who Leads? |
bank led Upgrade to Bronze |
| Reach |
National Upgrade to Bronze |
| Active Users |
500,000 Upgrade to Bronze |
| Registered Users |
500,000 Upgrade to Bronze |
| Potential Mobile Market (m) |
79.201 Upgrade to Bronze |
| Regulations |
| Persona | |
| Purpose | |
| Active Services | |
| Card Type |
None Register/Log In |
| ServicesDescription | |
| Channels | |
| Payment Instruments | |
| Cash I/O Description | |
| Cash I/O No Of Locations | |
| Handsets |
Android 2.2 and above iOS 4.2 and above or BlackBerry OS 5.0 and above Register/Log In |
| Technologies |
Mobile App Register/Log In |
| Interoperability |
Open to any consumer with bank account in UK, For non-customers using the Pingit app, Barclays will set up a "wallet" account and payments will be made to and from that. |
| RegistrationProcess |
To send money through Barclays Pingit, users download a free, password-protected app for their iPhone, BlackBerry or Android device and register for the service. To receive payments, one must register online. The cash - from a minimum of £1 to a maximum of £300 - is then delivered using the Faster Payments service, with Barclays sending both parties text messages notifying them about sent, received, pending and cancelled transfers. |
| Main Segment | Banked |
| Segment Description | Consumers may be from any UK bank account or mobile operator. For non-customers using the Pingit app, Barclays will set up a "wallet" account and payments will be made to and from that. |