28 April 2017
visit nextgenbanking.co.uk

Barclays extends Pingit to Kenya

20 August 2012  |  9485 views  |  0 Barclays branch sign

Barclays is preparing to roll out its Pingit mobile payments app internationally, beginning this week with a link enabling people in the UK to send money to Kenya.

Launched in the UK earlier this year, Pingit is a person-to-person payments service that enables people to send and receive money using mobile phone numbers.

Once users have downloaded a free, password-protected app for their smartphone and registered they can send money to anyone over 16 with a UK mobile number and a UK bank account who has also registered.

With the service proving a hit - downloaded more than a million times in its first six months - Barclays is now preparing to roll it out internationally, across thirteen African countries by the end of this year with expansion into Europe in early 2013.

The first stage, launching this week, will enable payments from the UK to Kenya, with British users able to send up to £750 per day to the 120,000 Barclays Hello Money customers in Kenya, who can receive up to £5000 per day.



Barclays is targeting Pingit at the 200,000 Kenyan-born people in the UK and many more of Kenyan heritage who want to send money back to relatives. In the first half of 2012, Kenyans working abroad sent around $600 million in remittance payments into the country.

Antony Jenkins, chief executive, Barclays retail and business banking, says: "Pingit is quick, convenient, secure and free - it's revolutionised how people send and receive money in the UK, and now has the potential to transform international payments around the world."

The service will be extended to Botswana, South Africa, Zambia, Tanzania, Ghana, Nigeria, Egypt, Zimbabwe, Uganda, UAE, Seychelles and Mauritius by the end of the year.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Barclays takes Pingit to the next level

Barclays takes Pingit to the next level

16 May 2012  |  13159 views  |  0 comments | 1 tweets
Barclays launches mobile number-based P2P payments service

Barclays launches mobile number-based P2P payments service

16 February 2012  |  17844 views  |  3 comments
M-Pesa processing more payments in Kenya than Western Union globally - IMF

M-Pesa processing more payments in Kenya than Western Union globally - IMF

24 October 2011  |  11566 views  |  0 comments | 1 tweets | 1 linkedin
Barclays Kenya partners M-Pesa

Barclays Kenya partners M-Pesa

14 October 2010  |  8970 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit vasco.com/news/PSD2-compliant-solutionsvisit dh.comVisit capgemini.com

Top topics

Most viewed Most shared
Six global banks join Swift DLT trialsSix global banks join Swift DLT trials
7583 views comments | 15 tweets | 36 linkedin
BBVA steps up fintech acquisition strategy with purchase of OpenpayBBVA steps up fintech acquisition strategy...
6864 views comments | 17 tweets | 16 linkedin
Token raises $15.7 million as PSD2 approachesToken raises $15.7 million as PSD2 approac...
5869 views comments | 20 tweets | 20 linkedin
Should central banks open up payment and settlement systems to non-banks?Should central banks open up payment and s...
5736 views comments | 22 tweets | 21 linkedin
hands typing furiouslyMobile Technology, Its Importance, Present...
5544 views 0 | 2 tweets | 1 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job