Parmenion signs up to Barclays Pingit mobile payment app

Parmenion, a UK-based investment provider, has signed an agreement with Barclays to offer Pingit mobile payment app to its customers, allowing them to transfer money into their investment accounts using mobile phones.

Parmenion, a UK-based investment provider, has signed an agreement with Barclays to offer Pingit mobile payment app to its customers, allowing them to transfer money into their investment accounts using mobile phones.

By using the Barclays Pingit app, Parmenion’s clients will be able to make investment account deposits in a quick, easy and secure way by using a smartphone or tablet.

Pingit app can be used by anyone with a UK mobile number and a UK bank account. However, clients need not bank with Barclays to avail the service.

Parmenion currently has over £925m in assets under management and 2,100 financial advisers.

Parmenion, corporate relationships head, Patrick Ingram, said: "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."

Barclays, relationship director, Andy Fenton, 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."