Potential Buyers Can Purchase Homes Via Their Mobile Phones

Barclays’ Pingit mobile payments service enables people to put down a deposit on a house just by scanning a QR code.

British global financial services company Barclays and specialist property auctioneer Savills Auctions have teamed up to enable real estate customers to purchase property using their smartphones.

Through Barclays Pingit mobile payments service, people can put down a deposit on a property by simply scanning a special Savills QR code. After scanning the QR code, the app displays the complete transaction details. After the customer clicks on the “OK” button, the app transfers the payment.

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According to Barclays Mobile Banking and Pingit Product Director Darren Foulds, the app shows the potential of mobile payments since almost everyone carries a smartphone these days.

The app was just used by a customer who paid a £23,000 deposit on a new house in Mitcham in South London.

The Pingit app was launched in February 2012 and was updated in 2013 to include a QR code reader that allowed customers to make purchases just by scanning a QR code.

Barclays // Savills Auctions

Source: The Independent, The Telegraph

Images: Barclays

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