With every passing year technology becomes a part of everyday life. With gadget and technology companies innovating and inventing ways for technology it should come as no surprise that there are plans for a method in which you may pay without need of cards or cash. I hear you ask? Well, through payment of course.
The Mobile Payments Job
The ecommerce payment solution provider is readying the project that Will in essence allow consumers to connect their bank details using their phone number letting them transfer money without needing the receiver’s bank details – their number. It is important to not forget that this technology is not about turning our smart phones into pockets as no money is stored inside the phone.
How It Differs From Present Mobile Methods
There are ways of moving money using your Mobile of course; banks have gone 1 step further and any internet enabled phone has the capacity to get banking and developed programs to simplify the procedure. How this endeavor will differ is you would not need to understand the banks details – these will have been connected with their number. The mobile payment solution hong kong is notion is to simplify the procedure for transferring money using your phone – think of this technology as an improvement instead of an invention. The service will utilize the payments system so that cash is transferred immediately.
Barclays PingIt and Other Services
Barclays are the sole UK bank service. Customers can register for the Barclays service – coined Barclays Pingit – by downloading the Barclays Pingit App. The service enables users get up to 5000 using their phones and to send up to 750 per day. A Smartphone is required to send money so long as your phone can receive SMS text messages, you can get money by registering for the service online. Pingit is available to clients that are non-Barclays, but only as a way for payment, not send it. As the service becomes prevalent, it will be up to each bank about how they will package it so to speak, but it is very likely that the app format will prevail.