Cash & Liquidity ManagementPaymentsElectronic/MobileBarclays to Allow Mobile Payments via Twitter in UK

Barclays to Allow Mobile Payments via Twitter in UK

Barclays has signed a deal with Twitter, making it the first UK bank to allow small businesses and consumers to make payments to each other using just their username on the social network.

Barclays’ mobile payment app Pingit, which can be used by anyone and is not restricted to the bank’s customers – will let users add a Twitter handle to their profile from 10 March, allowing payments to be made to family, friends or small businesses and also received. The service will launch on both Android phones and iOS devices

Under the Pingit service, launched in 2012, users can already make payments using just a mobile number. Around 57,000 companies in the UK are signed up to Pingit.

Once users are signed up to the new service, payments can be completed in three separate clicks. The payment limit per day is £1,500 (US$2,315/€2,060).

In response to security concerns about making payments via mobile phones and the internet, Barclays stressed that all transactions would be carried out within the Pingit app and not Twitter, which means the usual safety and security measures for regular Pingit payments apply.

“We are always on the lookout for new and exciting ways to make people’s lives easier and customer feedback plays a big part in how we chose to further develop our apps,” said Darren Foulds, Barclays’ director of mobile banking and Pingit.

“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.”

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