Barclays Bank account holders in Kenya will now be able to receive money from their family and friends residing in the United Kingdom via their mobile phone.
This follows the launch of a mobile money transfer service dubbed 'Pingit' in February 2012 by the bank which will allow UK residents to send money from various bank accounts.
Speaking during the launch Barclays Bank Managing Director Adan Mohamed said all that is required from the sender is to download the Barclays PINGIT application on their smart phone and make the money transfers to anyone with a Barclays account in Kenya.
According to Adan, customers in Kenya on the other hand do not need to download anything. All they need to do is to have and account with Barclays, have their mobile handsets and mobile number from any service providers in the country. Therefore, a lot of conditions are in the UK side at the moment.
The maximum amount a UK customer can send to Kenya should not exceed £750 per day.
However, Kenyans cannot use the money transfer service to send money to UK.
The bank plans to rollout the service across 11 African countries and the UAE by the end of the year alongside further expansion into Europe in early 2013. This will include Botswana, South Africa, Zambia, Tanzania, Ghana, Nigeria, Egypt, Zimbabwe, Uganda, UAE, Seychelles and Mauritius.
For UK Barclays Bank customers, the Pingit app is free to download and use on Android, Apple and Blackberry smart phones. For those without smartphones, they can register online to receive payments.
Source: Allafrica.com, The Guardian
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