Wow – this is revolutionary! Breaking New stuff !
Barclays launches Pingit money-sending service for sending service for smartphones
Barclays bank has launched Europe’s first money-sending service that allows UK current account customers to send and receive cash through their mobile phones !
yes, you read that correctly “through their mobile phones!”
wow – how cool is that ? wish we had that….
oh thats right – WE ALREADY DO !
In fact we had it first. Not only did we have this facility but our African cousins in Kenya are the world leaders in Mobile to Mobile money transactions and have had such a system since 2007.
M-Pesa (M for mobile, pesa is Swahili for money) Customers can :
- Deposit and withdraw money
- Transfer money to other users and non-users
- Pay bills
- Purchase airtime
- Pay for Good & Services at Woolworths, Truworths, Identity, 4U2, Mr. Price, Mr Price Home, Angelo, Adidas and Life Fitness etc. etc.
The M-Pesa system is available in Kenya (since 2007), Tanzania (since 2008), Afghanistan (since 2008), India (since 2009), Egypt (since 2009), South Africa (since 2010)
The big difference between M-Pesa and the Uk’s Pingit system is that M-Pesa is not run by a bank and it doesn’t require a smartphone. It works on any phone as it is Text driven.
I am glad the UK has finally caught up to Africa…I wonder if they will launch “please call me” –oh yeah, thats another South African first…