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The validity of this. Fucking unreal.
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The service first requires a bank customer to link their current account with their mobile number, this enables payments to be sent directly to that account with just a phone number for reference. To send funds, you can download the free Barclays Pingit app (available on iOS, Android and BlackBerry) or sign-up receive mobile transfers by registering online. Each transaction is protected by a five-digit passcode, which is set by you, and payments can be between £1 and £300 with a maximum of £5,000 per day. (via Barclays Launches Pingit: New Mobile Number Payments)
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