The new Pingit mobile app from Barclays has been designed to make it easier for consumers to exchange money by sending funds directly to a mobile device into another account. According to Barclays, the Pingit app is the first banking app of a person-to-person nature that is available in Europe. It allows anyone with a U.K. banking account and a mobile telephone number to send money with just as much ease as sending a text message. According to the Barclay PLC accounts director, Dan Wass, “This is about recognizing how…
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Starbucks in the United Kingdom to begin mobile payments in January 2012
Starbucks has announced its decision to launch its new mobile app after having experienced notable successes in the United States with over 20 million mobile transactions. This new service is designed to generate more registrations for the Starbucks Card program, which provides customers with an incentive to buy with advantages such as less expensive filter coffee or free syrup. Earlier in 2011, it looked as though Starbucks might be considering implementing near field communication (NFC) technology-based mobile payments after the release of the Barclaycard and Orange collaboration called “Quicktap.” This…
Read MoreForrester and PayPal forecasts the replacement of traditional wallets by mobile devices in 5 years
A report issued by PayPal and Forrester has indicated that mobile phone payments may replace transactions made through physical wallets as soon as 2016. Equally, ABI research made its own predictions about Google Wallet, which is an NFC technology-based mobile payment service that will encourage a more rapid adoption of this type of transaction by the end of next year, expecting global adoption in three years. Though the two calculations are different in terms of the timeline in which they figure these goals will be reached, the analysts still agree…
Read MoreeBay claims that m-commerce success requires stronger foundation
eBay has led a group of retailers, trade bodies, and network operators from across several industries and has used a “Mobile Manifesto” to announce to the UK government that m-commerce will only take off if a better network infrastructure is prioritized. According to eBay research, almost 50 percent of smartphone users in the United Kingdom are unable to take part in mobile shopping activities due to limitations in their mobile internet speeds. eBay worked along with Populus, a research agency, to determine that 45 percent of smartphone users did not…
Read MoreU.K. wireless providers work together to accelerate mobile payments
Three of the leading U.K. wireless operators are partnering in an effort to hasten the use of mobile payments which will permit consumers to use their mobile phones and other devices to pay for purchases. The joint venture is among Vodafone, Orange and T-Mobile, and Telefonica’s O2. They will be working together to develop a system of mobile commerce that should bring banks, retailers, and advertisers together. There have been discussions over the last few years about near field communications (NFC) which would provide consumers with a secure method of…
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