23 August 2017
Find out more

Barclays mobile apps processing £4 billion in transactions per month

25 September 2014  |  11077 views  |  0 Barclays remote cheque deposit

Latest figures from Barclays show that the average customer visits a branch less than twice a month and uses the bank's mobile apps 26 times a month.

Since the Barclays Mobile Banking and Pingit Apps were launched in 2012, they have been downloaded more than 5m times, says the bank, and are being accessed 17.5m times each week with more than £4bn in payments and transfers being made each month during July and August 2014. The figures equate to a spend of £1,500 every second / £90,000 every minute

In November last year, the UK bank said it would cut 1700 customer-facing jobs from its branch network, citing the rise of new customer channels, particularly mobile banking.

In a bid to encourage further uptake, Barclays is seeking to inspire confidence in the security of its online and mobile banking initiatives and offering 'digital safety' tips to encourage consumers to safeguard their devices.

Barclays says that it mobile banking and Pingit apps are the first to have been independently assessed in order to be awarded the new BSI (British Standards Institution) kitemark for secure digital transactions.

Alex Grant, managing director of fraud prevention at Barclays, says: " Having our security systems independently and rigorously tested to achieve the BSI kitemark clearly demonstrates our continued commitment to safeguard our customers' finances and data."

Alongside the kitemarks, Barclays also offers Kaspersky Lab's internet security products free of charge to all its online and mobile banking customers.

David Emm, principal security researcher, Kaspersky Lab comments: "These statistics demonstrate that smartphones are fast becoming the standard tool to browse, interact, shop and bank online. However, despite using them to access the same internet as traditional computers, many people do not think they require the same fully-fledged protection. Most people wouldn't dream of doing their online banking on their laptop or PC without protection, so why wouldn't the same apply when using your smartphone?"

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 launches biometric reader for corporate client login

Barclays launches biometric reader for corporate client login

05 September 2014  |  14581 views  |  1 comments | 25 tweets | 25 linkedin
Barclays opens Pingit to Indian remittances

Barclays opens Pingit to Indian remittances

07 August 2014  |  9759 views  |  2 comments | 15 tweets | 12 linkedin
Barclays to offer gift cards over Pingit

Barclays to offer gift cards over Pingit

06 August 2014  |  9015 views  |  0 comments | 11 tweets | 13 linkedin
London cabbie ditches cash for Pingit (for one week)

London cabbie ditches cash for Pingit (for one week)

15 July 2014  |  6683 views  |  9 comments | 14 tweets | 4 linkedin
Barclays ditches branch cashiers for 'community bankers'

Barclays ditches branch cashiers for 'community bankers'

11 July 2014  |  14103 views  |  3 comments | 11 tweets | 10 linkedin
Barclays scores govt cyber security certification for digital banking services

Barclays scores govt cyber security certification for digital banking services

04 July 2014  |  12089 views  |  0 comments | 20 tweets | 25 linkedin
Barclays preps voice biometrics for phone banking

Barclays preps voice biometrics for phone banking

23 June 2014  |  11151 views  |  1 comments | 15 tweets | 17 linkedin
Barclays' customers spending £6.6 million per month with contactless

Barclays' customers spending £6.6 million per month with contactless

04 April 2014  |  7934 views  |  0 comments | 15 tweets | 9 linkedin
Homeowner uses Barclays Pingit to put down £23k deposit

Homeowner uses Barclays Pingit to put down £23k deposit

19 February 2014  |  5485 views  |  0 comments | 8 tweets | 4 linkedin
Barclays to replace 400 branches with supermarket outlets

Barclays to replace 400 branches with supermarket outlets

29 January 2014  |  8826 views  |  5 comments | 24 tweets | 10 linkedin
Barclays to pilot mobile cheque deposits as UK Government proposes rule change

Barclays to pilot mobile cheque deposits as UK Government proposes rule change

02 January 2014  |  20443 views  |  2 comments | 18 tweets | 21 linkedin
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  |  6986 views  |  0 comments | 10 tweets | 10 linkedin
Barclays blames rise of mobile banking for 1700 branch job cuts

Barclays blames rise of mobile banking for 1700 branch job cuts

15 November 2013  |  12306 views  |  2 comments | 19 tweets | 13 linkedin
Barclays to open branches in Asda stores

Barclays to open branches in Asda stores

08 November 2013  |  6972 views  |  0 comments | 5 tweets | 11 linkedin
Barclays to shutter Coventry call centre

Barclays to shutter Coventry call centre

05 November 2013  |  3920 views  |  0 comments | 1 tweets | 2 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comdownload the paper nowvisit www.niceactimize.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
12852 views comments | 27 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
11482 views comments | 22 tweets | 34 linkedin
Rabobank constructs physical model to understand IT architectureRabobank constructs physical model to unde...
10897 views comments | 23 tweets | 51 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
10665 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
10597 views comments | 10 tweets | 8 linkedin

Featured job

Find your next job