BarclaysPlc signed a deal with U.S.-based tooffer U.K. companies the chance to send payments to consumers without requiringtheir bank account details, the FinancialTimes reported.
The partnership between the lender's Pingit application andthe corporate payment service provider will enable companies to instantly paycustomers using their mobile phone numbers. Details of the deal were notdisclosed, according to the May 8 report.
The Barclays app currently allows account holders topromptly send money to individuals and businesses through their cell phonenumbers.
Both customers and companies will have to be registered withPingit or Paym, which is similar to the Barclays' app, but managed by the largeU.K. banks and building societies, the FTnoted.