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Money-sending mobile app launched

Money-sending mobile app launched

Environmental Essay Writers Take two scenarios where mobile technology should be able to make our lives easier. A migrant worker in Kenya wants to send your family some money without having to get on a bus and travel for days. A group of young professionals in London goes out for a meal with friends, and when one person pays, the others need to settle up with him.

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Article Writing Service In the first case, the money transfer system M-Pesa has been allowing people to transfer cash across the country for years now, proving hugely popular. In the second, it only becomes possible today for anyone with a smartphone to send cash to their friends and see it transferred instantly.

The Barclays Pingit system uses a smartphone app to permit person-to-person cash transfers of up to £300. Users who have an account with Barclays – and from March anyone with a UK bank account – can download the app, link it to their phone number, and then send cash to anybody who has linked their mobile number to their account. Dissertation Report On Mergers And Acquisitions

This looks like a big step forwards in the long delayed mobile money revolution. When it comes to turning the phone into a wallet, this country – and much of Europe – is in the slow lane compared to some countries in the developing world.

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Read More/Source: BBC News

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