Zapp (mobile payments)
Zapp or Pay by Bank app is a proposed mobile payment system provided by VocaLink in conjunction with several banks and building societies in the United Kingdom. Zapp is designed for individuals to pay businesses in shops, on the internet, or from paper bills using their banks own mobile banking app.
Zapp is supported by Nationwide Building Society and banks including HSBC, Santander and Metro Bank.[1]
Zapp was intended to be launched in the Autumn of 2014,[1] but this date passed without launch. In July 2015 Zapp and Barclays announced that they had teamed up, with the intention of launching in October 2015 using Barclays Pingit application, with this date again passing without the service being introduced and no explanation being provided. Pingit is available for anyone with a UK bank account using an Android or Apple smartphone.[2]
For payments in shop, Zapp will pass a digital token from the till to and a persons mobile phone[clarification needed] using Near field communication or a QR code. The payment will then be completed by the shopper using their own mobile banking application, and no personal or bank details will change hands.[3][4] Zapp can be used anywhere the "Pay by Bank app" symbol is displayed.[2]
Zapp will also allow online payments, allowing computer payments to be completed using mobile phones.[3]
