RBS to unveil its own mobile P2P UK payments service

15 March 2013

The Royal Bank of Scotland (RBS) Group, and its NatWest imprint, are piloting a new peer-to-peer (P2P) mobile payments app that lets customers with a Visa card and UK phone number make payments. The new launch is similar to the established Barclays Pingit app and is most likely prompted by the further delay to the shared UK-wide mobile m-payments service which will not now launch until 2014.

A staged rollout after initial piloting is planned for Q2 this year and RBS says the P2P mobile m-payment service will be compatible with the BlackBerry operating system (OS), Apple’s iOS and Google’s Android.

There will be a £100 limit on transferable funds and recipients will get a text message directing them to a website where they need to enter their Visa card number to collect the money.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development