Barclays Partners with Twitter to offer Payments Solutions

If you live in the UK You will soon be able to make and receive payments to and from

your twitter buddies using pingit. The product is expected to be launched next month specifically on March 10th. This will be a first in terms of Social media innovations in the payments . To make payments one would have to log in to Pingit, Enter the twitter handle or select payee from a list, Complete the payment. With Britons regularly on their phones and more so on twitter, this product provides an easy, fast, efficient way of making payments without necessarily inputting your mobile number or bank account number. The patnership hopes to capture the 13 million plus twitter users in the UK. Pingit was launchedby Barclays in 2012 can be used to pay bills and donate to charity and has close to 4 million downloads and a billion pounds worth of transactions.