EVO Canada News

Let EVO Canada help your business

Posts tagged with “pingit”

Everything Everywhere and MasterCard team up

Friday, 7 September, 2012

MasterCard’s deal with T-Mobile and Orange has come to an end. A new 5 year deal between MasterCard and Everything Everywhere has been forged. Their plan is to develop a person to person payment system close in comparison to Pingit.  This is not good news to rival networks O2 and Vodafone, who are also working together to build out a unified mobile payment service called Project Oscar, which would have standardized the system across the nation. Vodafone is currently partnered with Visa and O2 is attempting to establish their own system. It will be interesting to see just how this all pans out in the grand scheme of things. Stay tuned.
http://www.nikeairmaxfreedom.com air max

Pingit payment application reaches over 400,000 downloads

Friday, 17 February, 2012

UK financial services company Barclay launched a person-to-person payment application called Pingit, and has already seen tremendous success in the early stages, reaching over 400,000 downloads since launching in February. The technology behind their application is simple; it that allows users to transfer money using only a mobile number, removing the need to transfer important and personal banking information.
http://www.nikeairmaxfreedom.com nike air max thea
With the rising importance of mobile device usage, financial institutions are quickly adopting new ways to interact with customers beyond providing services to check account balances and other basic banking needs. Pingit’s early success points to the growing demand for simple and intuitive payment platforms that co-exist with current methods consumers are using with mobile technology. As Gary Schwartz, CEO of Impact Mobile notes: “Pingit is simply tying your banking to your phone number to allow you to use this number to transfer cash is the same way you communicate to friends or vendors.”

In a short period of time, Pingit became the fastest downloaded financial app in the UK Apple Store for the entire month of February. Moreover, eBay users and smaller UK merchants are moving towards this app as a way to accept payments. Barclays aims to continue to develop add-on features to the app, making it a more all-encompassing payment tool.