1. Market Research
  2. > Financial Services
  3. > Banking
  4. > Payments Market Trends
Competitor Profile: Pingit

Competitor Profile: Pingit

  • November 2019
  • 17 pages
  • ID: 5827403
  • Format: PDF
  • By GlobalData

Summary

Table of Contents

Search Inside

Competitor Profile: Pingit

Summary
Pingit was the UK’s first instant mobile payments app, introduced by Barclays in 2012.Initially launched as a peer-to-peer (P2P) payment service between individuals, it was extended for merchants, allowing them to accept payments for online and offline purchases.

The service was initially only offered to Barclays account holders, before being extended to all UK residents with a UK-registered mobile number and UK bank account. The app can be downloaded from the Apple App Store or Google Play Store.

The solution enables users to make real-time P2P transfers from their mobile phones using the recipient’s mobile number.For Barclays customers, the app is directly linked to their Barclays current account; for non-Barclays customers, a Pingit account is created within the app, which users can top up with their linked bank account or debit card.

Pingit also allows users to send funds to individuals who are not registered with the service; the recipient will receive an SMS asking them to register with Pingit within seven days. Once registered, the money will be credited to their account.

The solution also allows in-store payments, enabling customers to transfer money to an offline merchant using its mobile number, Twitter handle, or short code (a unique merchant code).Users can also pay merchants by scanning QR codes available at partner merchant stores with the Pingit app.

In addition, customers can use Pingit to make online payments on merchants’ mobile websites or apps.

The report provides information and insights into alternative payment solution Pingit including -
- Detailed insight into its business
- Comprehensive coverage of its products and services
- Comparative assessment with key alternative payment solutions
- Information on its revenue model
- The company’s important events and milestones

Scope
- In February 2012, Pingit was launched by Barclays and was initially available for use only by Barclays current account holders.
- Pingit is a mobile payment service launched by Barclays, allowing users to send and receive money using just a mobile phone number.
- Pingit allows users to make online payments at merchants’ mobile websites and apps.
- In August 2019, Pingit launched a dedicated e-store for users to buy multiple wearable payment devices.

Reasons to buy
- Gain insights into Pingit’s business operations and key events.
- Gain insights into its product portfolio and revenue model.
- Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Spain Cards & Payments: Opportunities and Risks to 2023

Spain Cards & Payments: Opportunities and Risks to 2023

  • $ 2750
  • January 2020

Spain Cards & Payments: Opportunities and Risks to 2023SummaryGlobalData’s ’Spain Cards & Payments: Opportunities and Risks to 2023’ report provides detailed analysis of market trends in the Spanish ...

The Rise of Mobile Money in West Africa

The Rise of Mobile Money in West Africa

  • $ 4500
  • December 2019

This IDC Market Perspective presents an overview of mobile money in West Africa. It examines trends in key markets, looks at drivers and challenges, and concludes with guidelines on how to increase service ...

The Application of Blockchain in Southeast Asian Countries, Forecast to 2023

The Application of Blockchain in Southeast Asian Countries, Forecast to 2023

  • $ 3000
  • December 2019

Blockchain, which is a decentralized digital database, supports participants when they confirm their transactions without the need for a central authority to approve/accept the transaction.Although this ...


ref:plp2019

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on