22 August 2017
Find out more

EWise launches m-payment app

01 February 2011  |  2080 views  |  0 Source: eWise

Today sees the launch of eWise payo mobile, the smartphone application that consumers have been waiting for, from financial service firm, eWise.

eWise payo mobile will enable consumers to initiate secure and private payments for goods, services, or bills online or face-to-face, without having to provide personal financial information to any third parties(1).

Hot-on-the-heels of the launch of eWise payo, the first and only bank inclusive Online Banking ePayments (OBeP) solution in the UK, the company is debuting its mobile application - eWise payo mobile - at Finovate Europe 2011.

In January, the company introduced eWise payo, the safest and fastest online payment solution, in partnership with the specialist payments partner, VocaLink.

eWise's new mobile app brings a consistent, intuitive, fast and safe way to pay whether online or face-to-face. It enables consumers to pay from any of their accounts with existing funds and provides visibility of account balances at the time of purchase.

Through the mobile solution, consumers can conduct mobile ecommerce transactions, P2P payments, bill payments and T-Commerce(2). Using the eWise payo OBeP technology and the hard-linking capabilities of the QR Code, a consumer's online bank account can be enabled for countless purchasing scenarios.

John France, managing director at eWise payo, commented: "Current statistics indicate that 29 percent of UK adults own a smartphone(3), and, 54 percent of smartphone users have used their device for a banking transaction(4). Given the anticipated growth of these figures, we saw the need to launch a mobile application that would provide a consistent interface for the consumer.

"When we launched eWise payo in January, we indicated that the solution would provide the answer to the industry's demand for improved security. Our mobile version creates an exciting customer experience, and will - I believe - be the biggest positive technological advancement to hit the UK retail banking arena since the introduction of the first ATM in 1967."

eWise is currently in advanced discussions with a number of the high street banks, merchant acquirers, PSPs and merchants. As a result of which, the company has brought forward its initial launch - planned for 2012, and hopes to make an announcement in Q2/Q3 2011.

(1)The online retailer or eWise
(2)TV commerce
(3)ComScore
(4)KPMG

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.abe-eba.euvisit www.niceactimize.comdownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
12571 views comments | 26 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
11151 views comments | 22 tweets | 34 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10326 views 0 | 6 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
10290 views comments | 10 tweets | 8 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
10229 views comments | 21 tweets | 34 linkedin