An innovative and revolutionary system to transfer money
within the UK has recently been launched by Barclays Bank. The new mobile
application called Pingit allows Barclays customers to easily transfer money to
any individual who has a UK-based mobile number or bank account.
National money transfers have never been that easy as mobile
phones are indeed playing a huge role in simplifying the whole process with the
simple use of a five-digit passcode. As a matter of fact, registered customers
can send and receive amounts up to £300 and £5000 just by knowing the name and
the mobile number of the person they want to transfer the payment to.
Once chosen the contact from the address book, the payer
just need to insert the five-digit security code to confirm the payment and
everything is done! The amazingness of this system is that not only does it
allow people to simply sort payments from any locality within the UK, but it also
ensures a high level of security as all data are encrypted before being sent
and the bank details are not saved on the phone.
Increasingly more people will be able to take advantage of
this mobile application, as Barclays is working to allow any non-Barclays
customer to use this service. Mobile phones are definitely becoming a major
part of our lives.
