Millions of the bank’s customers can soon use the Pay by Bank application to complete transactions. A new HSBC mobile payment services app will give access to first direct customers who want to use their smartphones to complete shopping transactions. It lets them use the banking app as a direct payment method for purchasing certain products and services in an online store. The HSBC payment app is the result of the financial institution’s partnership with VocaLink. VocaLink is a global company with partnerships including banks, governments and corporations. It launched…
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Barclays launches Pingit app to bring P2P payments to the UK
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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