[otw_shortcode_content_toggle title=”Overview” opened=”closed”]
- Summary: Pingit is an account to account digital wallet for P2P payments and in-store purchases (via QR code) operating in UK only and launched in Feb ’12. Pingit has been developed by Barclays.
- Website: https://www.pingit.com/#!/
- Status: Live
- Market: UK (Feb ’12)
- Type: Single Bank
- Ownership: Barclays
- Functions: Retail and P2P payments
- Payment Mode: Account to account
- Channel: POS via NFC, SMS, Web (using Pay by bank app) and in-app (using Pay by bank app)
- Roadmap: n/a [/otw_shortcode_content_toggle]
[otw_shortcode_content_toggle title=”User Experience” opened=”closed”]
- Registration & set up: User needs to open the app which is available on App Store, Google Play, BlackBerry App World and Windows Store. User enters his bank details and mobile number in order to link them to Pingit. Both phone number and bank account must be from UK. (Update to follow – Further information being obtained)
- Making a payment: App must be open. P2P payments can be done through phone number or just choosing a name from the business directory in the app (a reference can be added). Retail Payments can be made via QR code or phone number. It also supports Twitter handle and Short code as a way of payment. Authenticate with PN code. (Update to follow – Further information being obtained) [/otw_shortcode_content_toggle]
[otw_shortcode_content_toggle title=”Payment Flows & Technology” opened=”closed”]
- Merchant perspective: Merchants can get paid in five ways: mobile number, business directory, short code, Twitter or QR code. The most used way is QR code: Merchant generate a QR code and customers need to scan it in order to complete the transaction. The money is moved between the two current accounts using the Faster Payments service, and takes about 30 seconds.
- Security: One secure log-in and Mobile PINs entry. (Update to follow – Further information being obtained) [/otw_shortcode_content_toggle]
[otw_shortcode_content_toggle title=”Business Model” opened=”closed”]
- Strategy: (Update to follow – Further information being obtained)
- Payee fee: (Update to follow – Further information being obtained)
- Payer fee: No charge for consumer [/otw_shortcode_content_toggle]
[otw_shortcode_content_toggle title=”Performance Data” opened=”closed”]
- Launch date: UK (Feb ’12)
- Closed Date: N/A
- Users: No data yet
- Retailers / merchants: No data yet
- Transaction volume: No data yet
- Transaction value: No data yet
- Other data points: No data yet [/otw_shortcode_content_toggle]
[otw_shortcode_content_toggle title=”Links & Media” opened=”closed”]
- Links:
https://en.wikipedia.org/wiki/Barclays_Pingit
https://www.theguardian.com/money/2012/feb/16/barclays-pingit-money-sending-smartphone - Media:
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[otw_shortcode_content_toggle title=”Contact (MobeyForum Members only)” opened=”closed”]
- Name: N/A
- Address: N/A
- Email: N/A
- Phone: N/A[/otw_shortcode_content_toggle]