Investment provider, Parmenion, is the first in the industry to offer clients the option to transfer money into their investment accounts by simply using their mobile phone.
The Barclays Pingit app provides Parmenion's clients with a quick, easy and secure way for making investment account deposits, wherever and whenever they are by using a smartphone or tablet. The app is free to download and can be used by anyone who has a UK mobile number and a UK bank account. Clients do not need to bank with Barclays in order to use this service.
Parmenion is a leading UK investment provider, working with over 2,100 Financial Advisers and have over £925 million in assets under management. This is the start of Parmenion's journey with Barclays Pingit as the investment manager explores ways to offer their clients innovative mobile payment solutions.
Patrick Ingram, Head of Corporate Relationships at Parmenion, said: "As the end of the financial year approaches, many investors look to make further deposits into their ISA accounts. Advisers working with us, will be able to offer their clients an innovative payment option that is not only quick and easy but also convenient to use."
Andy Fenton, Relationship Director at Barclays, said: "Our ground-breaking Pingit app has transformed mobile payments with its speed and simplicity and now it will enable investors to fund their accounts in the same way via secure technology. Parmenion are ahead of the field in offering this exciting solution to their advisors and we support their efforts to improve the investor experience through innovation"