Pay on Pingit using Twitter handle

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Published: Wednesday 25th February 2015 by The News Editor

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A bank has unveiled plans which will enable people to pay each other and small businesses using just their Twitter handle in what it says will be a UK banking first.

Launching on both Android phones and iOS devices on March 10, people using Barclays’s Pingit payment service will be able to link their Twitter handle to the service.

Pingit, which was launched in 2012, already allows people to send and receive payments using mobile phone numbers, without needing to exchange bank account numbers and sort codes.

Pingit is open to people who do not bank with Barclays, as well as those who are its customers. The expansion of the service will also be open to non-Barclays customers, meaning that it can potentially be used by the 13.5 million people in the UK who use Twitter.

To date, Pingit has received 3.7 million downloads and over £1 billion has been sent using the app.

This new way of payment will also be available to businesses, potentially helping the 57,000 companies in the UK currently signed up to Pingit.

Barclays said that 80% of UK Twitter users now access the social network through their mobile regularly.

To sign up, users will be able to link their Twitter handle to their Pingit profile under the app settings. In order to use the new service, both the payee and the person paying need to be signed up to both Twitter and the Barclays Pingit app.

The maximum daily amount that a person can send to another person via Pingit is £1,500.

Darren Foulds, director of Barclays mobile banking and Pingit, said: “Adding the ability to pay people or a small business using just a Twitter handle brings together a social and digital experience to create a new step forward for mobile payments in the UK.”

Technology has transformed the way that people pay in recent years.

Spending on contactless “tap and go” cards more than trebled over the last year to reach a record £2.32 billion in 2014, according to figures recently released by the UK Cards Association.

Paym, a cross-industry mobile payments scheme which enables people to send payments as easily as texting, recently said that nearly two million people have now signed up to the initiative, which launched last April.

Wearable payments technology is also being developed. Last year, Barclaycard unveiled its bPay wristband, which allows people to pay with a wave of the wrist. It has also been trialling pairs of contactless payment gloves, which people can use by touching the back of their hand on the reader at the till, in a similar way to making contactless card payments.

Published: Wednesday 25th February 2015 by The News Editor

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