Barclays and Australian Bank Launch Linked Mobile P2P Payments
Mobile payments could become easier in Australia and the UK thanks to a deal between UK-based Barclays and the Commonwealth Bank of Australia.
Barclays said it will link its Pingit m-payments app to the CommBank app from the Australian bank, enabling customers to send payments via their phones, including between customers in the two countries. Pingit has some 3 million customers. It wasn’t immediately clear how many consumers use the CommBank app.
The deal marks the first time Pingit can be used for two-way cross-border payments, Paul Compton, Barclays group chief operating officer, told the Financial Times. The deal comes amid another recent agreement that will enable Chinese tourists and students to use their WeChat mobile wallets in Australia.
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