Pay by Bank app gets Barclays boost
Pay by Bank, a mobile payments app created by Mastercard’s Vocalink business, is continuing its incredibly slow march towards the mainstream, with the announcement that Barclaycard merchants can now accept it.
in addition, next year Barclays will be rolling out Pay by Bank, currently live on its Pingit offering, on its mobile banking app. This means over six million people will be able to use the service. Darren Foulds, Managing Director of Mobile Payments at Barclays, says: “Consumers now want to pay quickly and securely in a variety of ways, whether that’s in person, online or on the go. By leveraging Barclays’ unique position as both an issuer and acquirer, our planned roll-out of Pay by Bank app will simultaneously give customers and businesses more choice in how to make and take payments.”
Mark Barnett, Divisional President of Mastercard in the UK, Ireland, Nordics & Baltics, comments: “Partnering with Barclays, given its strengths across the entire payments landscape, is another key step in the progression of Pay by Bank app. The creation of the infrastructure for this new payment method is gathering pace and we look forward to maintaining this momentum as we bring it to market.”
