Why are Barclays ending Pingit?
Barclays Bank has confirmed the closure of mobile P2P payments app Pingit, almost ten years after its pioneering launch in 2012. Rumours of the demise of Pingit have been circling for some time, with the UK bank failing to capitalise on its early innovation.
Is Barclays getting rid of Pingit?
Pingit closed on 30 June 2021 and so the app, its features and its services are no longer available. Still want to send money using just a phone number? Use PayM in the Barclays app.
What is replacing Pingit?
What is Paym? Paym is the UK’s mobile payments service that’s offered within Pingit and 14 other banks and building societies. It works by linking your mobile number to your bank account.
Is Pingit discontinued?
Joining a group of other big brands that have had to shelve their mobile wallet, Barclays have announced that after 10 years they will sunset the iconic Pingit, one of its early payment innovations. Staff were informed last week that Barclays is retiring Pingit having “run its course.”
Is Pingit safe?
Our verdict. The Pingit app is a quick, easy and secure way to send money to other mobile numbers. Its budgeting tool and the ability to raise and donate money for charity are useful extra features – and the fee-free international payments is also a really great perk.
What is Pingit jar?
Pingit jars is a new functionality from Barclays to help customers manage their finances more efficiently. It is available for customers using iOS and Android. Mobile payment methods continue to soar in popularity in the UK. Technology has transformed the way many of us make everyday payments.
Who owns Pingit?
Barclays
Pingit
| Product type | Mobile payments |
|---|---|
| Owner | Barclays |
| Country | United Kingdom |
| Introduced | February 2012 |
| Discontinued | June 2021 |
How does Barclays Pingit work?
Pingit is a payment service and app by the bank Barclays, introduced to be used on most smartphones, including iPhones and Androids. It means you can make mobile payments by connecting your mobile phone number to a UK bank account.
Why did Pingit stop?
Pingit’s demise may have partly stemmed from long-running internal resistance to the app. Senior staff from Barclaycard and from the mobile team were reportedly “dead against” Pingit, wrying over budget allocation.
What is Barclays wallet?
A multi-currency solution at your fingertips, whenever you need it. You can use your debit card to make payments in euros or US dollars and even withdraw currency from your travel wallet, all without incurring any fees.
Does Barclays have Moneypots?
Barclays’ Pingit app launched in 2012 and now has around 3.6 million users. The new jars are pots of money vaults within a customers’ Pingit app that allow them to keep a certain amount of money separate to use for a specific purpose.
How does Barclays pingit work?