new android app Pingit by Barclays for smart phone for smart money transfer bank apps barclays united states

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Android technology is growing every day with making life smart and easier.the applications or apps of the Android phone is amazing.

Texting her share: Woman using a smartphone with the Barclays Pingit App android

The Pingit app which is launched recently is new mobile phone app could make science fiction fact,
This Pingit app may be the beginning of a cashless society.I am sure this technology will render cash obsolete because with it, cash is unnecessary.The only reason cash has seen off other technology up to now is because it’s relatively easy to carry and it’s with you all the time.

In effect mobile phones are exactly the same. It’s carried with the individual all the time, so fulfils that role. Not only do I think this will remove the need for cash, I think we will see that happen within the next 10 years.
Just imagine if you don't have a change for buying the newspaper or something..Or in fact, having to have any cash on you at all. The makers of a new smartphone application say the days of carrying notes and coins could be numbered.

The new android app Pingit lets you transfer money from your bank account straight to someone else using only their phone number.this very easy as It’s like texting money to someone – a relative, friend, or potentially a shop, bar or restaurant.
There is no worry about with sort codes or account numbers and no delays. The cash transfers across the moment you hit the button.

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The android app Pingit is launched by Barclays, the Barclays says the app has huge potential and while the technology is currently only available to pay individuals, there are plans to widen the scheme to allow people to pay bills, use it for business and make charity donations.
It certainly sounds handy. But is this about more than convenience? Does it mark the beginning of a cashless society? “Absolutely, yes it does,” says Professor Michael Hulme, an expert in mobile technologies based at Lancaster University.
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So no more opening birthday cards hoping Gran’s stuck a fiver inside, no more worrying about whether you have cash in the house to pay the paperboy and potentially paying the electricity and gas bill without leaving the house, going online or posting a letter.
Pingit allows transfers of payments of between £1 and £300 to another person’s account.Barclays boss Antony Jenkins said: “For friends splitting the cost of dinner, repaying a borrowed £10 or people sending money to a son or daughter, it is free, quick, convenient, secure, and easy to use.”
Although currently restricted to Barclays, the technology will be rolled out for users of other banks next month or sooner.
How to use  Pingit
All users need to do is download the app to a smartphone such as an iPhone or Blackberry or any model of phone that uses Android technology.

transferring money with Pingit app

Once the app is installed, the payee keys the recipient’s phone number into it, adds the transfer amount and presses send. If the other person is registered with Pingit, the money will go straight into their account.
If not, they receive a text with instructions on where to go online to complete the payment.
Barclays has re-assured their 12 million current account customers the app is safe. Without entering the five-digit password set up during the registration process, no one can use it. And if the phone is lost or stolen, the details can be wiped from the phone.

Britain being in a cashless society in the next 10 years isn’t going to happen. But I do think contact-less technology will become a significant part of our lives.
“When you boil technology down it’s all about the benefits it offers people. If people see value in that benefit, they go for it.
“Technology like Pingit offers people convenience and speed. There’s nothing more annoying that going out for a sandwich at lunch, realising you don’t have money and having to run to the cashpoint.

i really loved this innovative technology app and hoping this in India as soon as possible..