With the rapid development
of the Information Communication Technology nowadays, the mobile phone payment has
been inevitably changing people's life style to some extent. In the previous
blogs, I mentioned Barclays as an example that it enlists NFC tags to enable
mobile payments. Report shows that earlier this year in February, Barclays has launched
the Pingit mobile payment app to make its move in the mobile payment space,
which was perceived as 'banking giant Barclays has declared war on mobile
payment expert PayPal with the launch of Pingit, a smart phone app that allows
customers to quickly transfer money via their smart phone'.
The Pingit app is available
for Android smart phones, BlackBerry and iPhone. According to the statistics,
Pingit allows accounts to be associated with mobile numbers and amounts that
between £ 1 and £ 300 can be transferred in as little as 30 seconds using the Faster
Payments service. Barclays claims that the Pingit system will make best use of making
payments including splitting bills at restaurants and takeaways. For instance,
for friends splitting the cost of dinner, repaying a borrowed £10 or people
sending money to a son or daughter at university, it's free, quick, convenient,
secure, and easy to use. Antony Jenkins, Barclays Chief Executive claimed at
the launch of Pingit that' Barclays Pingit could revolutionize the way people
send and receive money'. I guess that the most appealing point of Pingit might
be the comparatively secure transaction among people since they can send and
receive money within seconds and without having to enter the detailed information
for accounts.
Here is one clip regarding
the Barclays Pingit App. Enjoy!
Text
Message payments were launched by O2 mobile wallet app
News came out earlier today
that 'The Barclays Pingit app is now open to all UK bank and building society
accounts, for example, and the Orange Quick Tap app will be available on new
Android handsets in the coming weeks, but it is O2 taking all the headlines
with the launch of its all-encompassing O2 Wallet this week.'
Intended to allow users of
phones with Near-Field-Communication (NFC) chips to make contactless payments
in high street shops, recently, mobile network O2 has launched a smart phone
app that allows users to transfer up to £500 via text message, and meanwhile to
digitalize their debit and credit cards, which would largely speed up both the
purchases in-stores and those from the online stores.
According to O2's statement,
the service will be free to customers at first, but it would probably charge
15p for each money message sent by text at a later date. To my understanding,
if the services provided at the free trial go well, people might be willing to
spend money for these types of premium services, which would make great
convenience in daily life. The network provider said that more than 100
retailers had agreed to accept payments from the service. They include
Debenhams, Comet, Sainsbury's Direct and Tesco Direct.
People might have security concerns
regarding the uptake of such technology accessing personal details, passwords,
pin codes and other financial data within the daily transactions. James Le
Brocq, managing director at O2 Money noted that all these information are held
on remote central servers rather than on different mobile device and 'O2 wallet
has been trialled internally for months and has undergone extensive 'stress-testing'
with security experts'. Hopefully, the O2 mobile wallet app would be the safest
way to deliver payment services by now.
Here is a clip regarding the
O2 mobile wallet app. Enjoy!!
Reference:
1. Barclays Promotes Pingit
Mobile Payments App with One Tough Customer. Retrieved from: http://www.brandchannel.com/home/post/Barclays-Pingit-Campaign-041612.aspx
2. Taking a mobile and a
wallet to the shops? Retrieved from: http://www.independent.co.uk/money/spend-save/taking-a-mobile-and-a-wallet-to-the-shops-7687191.html
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