18 August 2017
visit www.avoka.com

Homeowner uses Barclays Pingit to put down £23k deposit

19 February 2014  |  5476 views  |  0 Pingit house

Barclays Pingit is being used by Savills Auctions to sell houses, with one homebuyer already putting down a £23,000 deposit via the mobile app.

Launched a year ago as a person-to-person payments app, Pingit has since widened its appeal, gaining traction among businesses thanks to the introduction of QR reading functionality.

Property auctioneer Savills Auction has become the latest to take advantage of this. Customers scan a QR code from within the Pingit app, which then shows the full transaction details. Once the customer selects the 'OK' option the money is transferred in seconds.

In what is thought to be a world's first, the service has already been used by a homeowner who was able to put down a £23,000 deposit on a new home in Mitcham, South London.

Darren Foulds, product director, mobile banking and Pingit, Barclays, says: "For businesses large or small, Pingit enables payments to be accepted through a mobile app. For consumers it offers a totally secure way of making payments that are at the same time quick - and on a device that almost everyone in the UK carries with them on a permanent basis."

Sam Winser, associate director, Savills Auctions, adds: "Creating a service that allows a buyer to put down a deposit and transfer the money in a matter of seconds, such as Pingit, is really making a big difference to our speed and efficiency, allowing us to do more business, more quickly."

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 revamps Pingit to let big firms send payments to customers

Barclays revamps Pingit to let big firms send payments to customers

19 November 2013  |  6975 views  |  0 comments | 10 tweets | 10 linkedin
Children in Need adds Pingit donation option

Children in Need adds Pingit donation option

15 November 2013  |  5015 views  |  0 comments | 2 tweets | 4 linkedin
Barclays revamps Pingit for mobile commerce play

Barclays revamps Pingit for mobile commerce play

16 September 2013  |  9614 views  |  0 comments | 14 tweets | 7 linkedin
Severn Trent Water lets customers pay with Barclays Pingit

Severn Trent Water lets customers pay with Barclays Pingit

05 August 2013  |  6236 views  |  0 comments | 7 tweets | 5 linkedin
Barclays extends mobile payments to retailers with Buyit

Barclays extends mobile payments to retailers with Buyit

19 June 2013  |  15182 views  |  4 comments | 25 tweets | 17 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.abe-eba.eudownload the paper nowvisit www.worldpaymentsreport.com

Who is commenting?

Top topics

Most viewed Most shared
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
10364 views comments | 8 tweets | 16 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
8547 views comments | 1 tweets | 3 linkedin
hands typing furiouslyCompliance: Overcome the data deficit
7963 views 0 | 1 tweets | 9 linkedin
Uneasy sits the crown as cash use continues declineUneasy sits the crown as cash use continue...
7940 views comments | 3 tweets | 7 linkedin

Featured job

Find your next job