22 August 2017
visit www.avoka.com

ING pulls plug on P2P payments app Twyp

29 November 2016  |  7801 views  |  1 ING Payconiq

ING is to discontinue its P2P mobile payments app Twyp in the Netherlands after it failed to gain traction with customers.

Twyp CEO, Mohamed de Booij said the decision to ditch the service in the Netherlands was made following feedback from Dutch users that a separate app for these kinds of payments that wasn’t linked to a customer's Iban account number had insufficient added value.

Introduced this year, Twyp will continue to operate in Spain where it currently counts more than 300,000 users.

“The Spanish market for mobile banking is different from the Dutch. Mobile banking apps in Spain have less functionality than Dutch apps,” says de Booij.

Dutch users will have any money in their Twyp moved into their bank account on 24 November. Twyp accounts will officially close on 15 December and be blocked from that point on.

Twyp users will be encouraged instead to adopt ING's mobile banking app, which was recently extended to include person-to-person payments.

Says de Booij“The ING Mobile Banking App is well appreciated by customers and there are constantly new features added to the app such as the recent payment request where customers of ING and other Dutch banks can pay via WhatsApp, SMS and email.”

Comments: (1)

Hitesh Thakkar
Hitesh Thakkar - FIS Payments Software and Services India - India | 29 November, 2016, 13:51

Point solutions will loose out to fully furnished offerings.

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
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

ING and KBC create unified payments and loyalty platform in Belgium

ING and KBC create unified payments and loyalty platform in Belgium

06 July 2016  |  6811 views  |  0 comments | 5 tweets | 14 linkedin
ING takes startup path as top banks reap innovation rewards

ING takes startup path as top banks reap innovation rewards

10 May 2016  |  21645 views  |  0 comments | 51 tweets | 49 linkedin
ING activates mobile payments for Dutch Android users

ING activates mobile payments for Dutch Android users

03 December 2015  |  7843 views  |  2 comments | 7 tweets | 9 linkedin
ING to cut 1700 staff and grow digital investment

ING to cut 1700 staff and grow digital investment

25 November 2014  |  9051 views  |  2 comments | 17 tweets | 7 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.dorsum.euvisit www.abe-eba.eu

Who is commenting?

A Finextra member Finextra Member Commented on: Real-time payments in...
A Finextra member Finextra Member Commented on: Barclays uses sensors...

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
11676 views comments | 26 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
10046 views comments | 22 tweets | 31 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
9734 views 0 | 5 tweets | 1 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
9444 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
9423 views comments | 10 tweets | 8 linkedin

Featured job

Find your next job