Tag: pingit app

Mobile payments through Pingit now accepted by bus company

The operator from the United Kingdom has announced the start of fares paid through smartphone transactions.

In the United Kingdom, a regional bus operator has now announced that it will be accepting mobile payments to let riders pay for their fares using the Barclay’s Pingit app, using their smartphones.

The bus company, First West Yorkshire, is among the first in the country to enable Pingit fares.

First West Yorkshire, has made an announcement that has revealed that it will be beginning the use of the mobile payments service in order to provide riders with an additional transaction method. The service that they have chosen is Pingit, the app that was initially introduced by Barclays back in 2012. The transportation industries in the United Kingdom have not yet broadly adopted smartphone based payments, making this local operator among the first to take that first step into this sphere.

The choice to use mobile payments was meant to be a reflection of the company’s intention to keep up with what consumers want.

Mobile Payments - BarclaysAccording to the First West Yorkshire managing director, Paul Matthews, “Our partnership with Barclays puts First at the forefront of bus ticketing technology and reflects our commitment to grasp ever more innovative ways to make bus travel better, easier and more convenient.”

Though this bus operator is among the first in the U.K. transportation industry to make this move into appealing to consumers with mobile devices, the rest of the world has been catching on at an increasing rate. Some have predicted that this will be an important trend in areas such as travel and in public transportation. Mobile check-ins, for instance, are becoming increasingly commonplace among airlines in airports.

Some cities around the world have also been piloting programs that have been testing the use of smartphone based ticketing for their bus and subway systems. Among the key challenges has been choosing technology that would be compatible with the largest number of mobile devices as there has yet to be a standard within the very young smartphone based transaction industry.

From First West Yorkshire’s point of view, the mobile payments ticketing service has been chosen to give riders a quick, easy, and convenient way to use their smartphones to purchase and store their fares.

Mobile payments Pingit app from Barclays simplified

The U.K. bank has announced the introduction of a considerable update to make the process easier.

Barclays has just announced the latest functionality in its Pingit app, as it is now providing large businesses the opportunity to complete mobile payments through the use of only a cell phone number.

This completely removes the requirement for having to submit any sensitive banking data.

Now, the app makes it possible for retailers, insurance companies, utilities, and other larger organizations to be able to send mobile payments without having to obtain or store the details of debit or credit cards. This is because the File Gateway from Barclays gives them the ability to send funds direction into the individual Pingit accounts. Those are available to both Barclays customers and those who are not.

This new mobile payments opportunity is meant to help to bring convenience, speed, and security.

Mobile Payments - BarclaysThe Barclays head of U.K. corporate payments, Mike Walters, explained that “Consumers today want quick and convenient ways to receive value.” He went on to add that by using mobile payments, they have a solution that is both rapid and secure for accomplishing that goal, without ever having to share their account numbers with anyone else, including the company from whom they are making the purchase.

Walters also went on to state that when it comes to businesses, there is a rising importance which must be taken into consideration regarding the use of mobile payments as a more mainstream part of their business strategies as a whole. The reason is that it provides them with a long list of different potential benefits, including the reduction of the costs associated with the use of checks, as well as the enhancement of the customer experience.

Consumers are using their devices for a growing number of their daily activities and mobile payments can fit into these tasks quite smoothly. Though the option has been slow to take off in many of the western markets, many experts feel that it will not be long before the use of smartphones as a replacement for plastic cards begins to take off at an explosive rate.