Investment provider, Parmenion can now offer clients the option to transfer money into their investment accounts by using their mobile phones.
The Barclays Pingit app provides Parmenion’s clients with a secure way for making investment account deposits, by using a smartphone or tablet. The app can be used by anyone who has a UK mobile number and a UK bank account.
Patrick Ingram, Head of Corporate Relationships at Parmenion, said: “As the end of the financial year approaches, many investors look to make further deposits into their ISA accounts. Advisers working with us will be able to offer their clients an innovative payment option that is not only quick and easy but also convenient to use.”
Andy Fenton, Relationship Director at Barclays, said: “Our ground-breaking Pingit app has transformed mobile payments with its speed and simplicity and now it will enable investors to fund their accounts in the same way via secure technology. Parmenion are ahead of the field in offering this exciting solution to their advisors and we support their efforts to improve the investor experience through innovation“
Whitepapers
Related reading
Travel industry must keep up with consumers’ payments demands
Payments providers must keep up with the fast-paced change of consumer demands in the travel sector, according to Kevin White, Mastercard’s director ... read more
Nissan joins in-car payments race
Payments services providers and fintechs have unleashed a flurry of collaborative innovations over the course of the past decade in order to ... read more
Ripple courting banks, paytech and big fintech to beat Swift to emerging markets
Midway into 2019, Ripple is broadening its clientbase in order to boost growth and capture emerging market volumes, according to Marcus Treacher, ... read more
UK SMEs need to embrace technology revolution
Modulr CEO Myles Stevenson and Seamus Smith, executive vice president of worldwide payments and banking for Sage, on why now is the time to embrace digitisation
