22 August 2014

Toyota embraces mobile payments through Barclays Pingit

21 January 2014  |  2639 views  |  1 Source: Barclays

The financial services arm of car manufacturing giant, Toyota, is offering customers the option to make additional payments on their car plans by simply using their mobile phone.

Toyota Financial Services provides a range of flexible finance options for new cars and Light Commercial Vehicles as well as all Toyota Approved Used vehicles. They are the first UK car manufacturer to sign up to Pingit, where it will be used in their financial services arm to offer customers a mobile payment option via Barclays Pingit.

Barclays Pingit enables Toyota Financial Services' customers to make quick, easy and secure additional and final payments on their plans by using a smart phone or tablet. The app is free to download and can be used by anyone who has a UK mobile number and a UK bank account.

Rupert Wentworth-Jessop, Finance and Compliance Director at Toyota Financial Services said: "We understand the importance of giving customers choice when it comes to their payment options and Barclays Pingit provides our customers with an innovative, fast and convenient way to make payments."

Mike Walters, Head of UK Corporate Transactions Product at Barclays said: "Ease and convenience are key factors when it comes to making payments and with mobile activity on the rise, it's important for companies to consider mobile payment options as part of their offering. Toyota Financial Services recognise that their customers want choice and have embraced quick and secure innovative mobile payment solutions." 

Comments: (1)

Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune | 23 January, 2014, 11:08

I remember reading about "realtime payment for use car purchase" as one of the potential use cases of FPS in a VocaLink-PwC white paper released in 2009, a year after FPS went live. Happy to see this finally turn into reality!

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