Pingit by Barclays: A Mobile Wallet Alternative

Pingit by Barclays is a mobile wallet alternative that lets you send and receive money directly into your bank account. It's a convenient way to manage your finances on the go.

With Pingit, you can send money to anyone with a UK bank account, and they can receive it directly into their account. No need for cash or cheques.

Pingit is free to use, and you can send money 24/7, 365 days a year.

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Barclays has decided to discontinue its mobile wallet service, Pingit, after a recent review.

The bank's decision to close Pingit follows a string of digital mishaps at big banks, including the end of JP Morgan's Finn, RBS' Bo bank, and Nationwide's SME-banking venture.

Pingit struggled to innovate in recent years, losing its way and failing to take off with a wider user base.

The app had a limited active user base and most early adopters were already Barclays customers.

Barclays customers will simply migrate onto the bank's core mobile app, which has a similarly good rating as Pingit on the App store, and a better rating on Google Play.

Pingit's retirement won't have much immediate impact on Barclays, as the app makes up minimal revenues and a fraction of the bank's user-base.

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Pingit is an account to account digital wallet for P2P payments and in-store purchases (via QR code) operating in the UK only and launched in February 2012.

It has been developed by Barclays and is available on various app stores including the App Store, Google Play, BlackBerry App World, and Windows Store.

To use Pingit, you need to open the app and enter your bank details and mobile number to link them to Pingit, both of which must be from the UK.

Pingit supports various payment modes, including account to account, and can be used for both retail and P2P payments.

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You can make a payment through Pingit by opening the app, choosing the payment method, and authenticating with a PIN code.

Merchants can receive payments through Pingit in five ways: mobile number, business directory, short code, Twitter, or QR code, with QR code being the most commonly used method.

The money is transferred between accounts using the Faster Payments service, taking about 30 seconds to complete.

Pingit also offers security features, including one-time secure log-in and Mobile PINs entry, to protect user transactions.

Here's a summary of the registration process:

Please note that if you encounter any issues during the registration process, you may need to re-register or contact Barclays for assistance.

You can register for Pingit via the Pingit app if you have a supported smartphone and can download it.

The app will guide you through the registration process, which starts with creating a five-digit security code.

You'll then need to enter your mobile number and bank account details.

The app will send a mobile verification code via SMS, which you'll need to enter back into the app to unlock the next stage of registration.

To verify your Pingit account, you'll either need your Pinsentry or find a Barclays ATM or bank branch.

If you're using a Pinsentry, make sure to input the correct code on the first try, or you might get locked out.

Multiple attempts to enter the correct code may be blocked, leaving you with no more attempts remaining.

In this case, you'll need to ring a phone number and quote another supplied code, or "re-register for Barclays Pingit".

You can send and receive money through Pingit using your mobile phone.

Barclays launched Pingit in 2012, allowing customers to transfer money using just a mobile phone number.

The service is free for most users, and transfers are typically processed in real-time.

You can send up to £2,500 per day, and £5,000 in a 30-day period.

To use Pingit, you'll need to have a Barclays current account and a mobile phone.

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