As mobile banking is gaining traction, traditional banks are struggling to adapt to the new reality where physical in-store interactions are no longer the status quo.
Articles Tagged ‘Barclays’
Barclay’s Pingit mobile payments service is teaming up with Corethree to bring the financial institution’s mobile checkout to public transportation customers in Britain.
Barclays has added two new mcommerce features to its Barclays Pingit application to let consumers purchase goods from a mobile Web site, app or even an advertisement.
Barclays is giving customers a way to pay for small purchases with their mobile phones at a variety of merchant and transit locations.
Barclays person-to-person mobile payments application Pingit was download more than 400,000 times in the first eight weeks following its February launch.
Barclay’s new Pingit mobile app is intended to simplify how individuals exchange money by enabling users to send and receive currency directly from their smartphone.
British consumers will spend $30 billion a year using their mobile devices and tablets within the next decade compared to $2 billion spent this year, according to a recent Barclays Corporate study.
Signaling serious interest in the U.S. mobile payments market, banking and credit card giant Barclays has named a respected telecoms heavyweight to lead a local operation with a staff of 165 at launch.
Merchants running mobile advertising campaigns claim that between 5 and 10 percent of their digital purchases are coming from mobile devices, according to a Mojiva executive.
AT&T, T-Mobile and Verizon have formed a joint venture called Isis, a national mobile commerce network that will let consumers use their mobile phones to make point-of-sale purchases.