Barclays Pingit will allow consumers of all banks to send and receive money via app by linking their mobile number with their bank account
Barclays has launched allowing its customers to send money to any UK bank account using a mobile phone number.
The free service links a customers mobile phone number with their bank account allowing payments to be sent without a bank account number being disclosed.
To send money, customers must download the free Barclays Pingit app which is available for the iPhone, Android and Blackberry.
In order to receive payments, customers must register their details online via the Pingit website.
Barclays claims the transfers are as safe as normal internet banking transfers, with each one protected by a five digit security code set by the user.
In the coming months customers of other UK banks will also be able to register to send money via the app.
