Pingit, formerly Barclays Pingit, was founded in the United Kingdom as Europe's first mobile payments service, allowing

Barclays Barclays () is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services. Barclays traces ...

account holders to send and receive money transfers through their mobile phones. It was launched in February 2012 and expanded in stages to include all account holders, with over 1.2 million downloads reported in its first year. The applications used for Pingit were

iOS iOS (formerly iPhone OS) is a mobile operating system created and developed by Apple Inc. exclusively for its hardware. It is the operating system that powers many of the company's mobile devices, including the iPhone; the term also includes ...

and

Android Android may refer to: Science and technology * Android (robot), a humanoid robot or synthetic organism designed to imitate a human * Android (operating system), Google's mobile operating system ** Bugdroid, a Google mascot sometimes referred to ...

and Blackberry. Monetary transfers were made to the account associated with the phone number, not the app itself, so that all types of phones with the app installed were eligible to receive payments. The Pingit service worked on the

Faster Payments Service The Faster Payments Service (FPS) is a United Kingdom banking initiative to reduce payment times between different banks' customer accounts to typically a few seconds, from the three working days that transfers usually take using the long-estab ...

, so that payments were effectively instantaneous, even between Barclays and non-Barclays customers, and they were free. Pingit was compatible with the

Paym Paym ( ) is a mobile payment system provided by banks and building societies in the United Kingdom. Recipients are identified by their mobile phone number instead of bank details such as sort code and account number. The service was developed b ...

mobile payment system which works across other UK banks. In July 2015, Barclays teamed up with Zapp to allow Pingit to be used at

point of sale The point of sale (POS) or point of purchase (POP) is the time and place at which a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice f ...

terminals in shops, and for Internet transactions where the Pay by Bank app symbol is displayed. They expect to launch in October. In March 2019, Barclays merged its BPay wearable contactless payments product with the Pingit money transfer app. That August, Barclays launched an online store vending Pingit wearable payments devices, such as watches and key fobs, programmed to process Pingit mobile payments. On 19 February 2021, Barclays announced that it would be closing Pingit down later in 2021 and subsequently on 12 April 2021, Barclays confirmed that Pingit would close on 30 June 2021.

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The future of banking with Barclays Pingit
''Hot Topics 2014'' Mobile payments Computer-related introductions in 2012 Defunct financial services companies of Australia {{money-stub

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