Enabling Technologies

Zapp Mobile Payments to be rolled out by Five UK Banks

Five Banks of UK – First Direct, HSBC, Nationwide, Metro Bank and Santander – are set to integrate the Zapp Mobile Payments service onto their existing apps for tablets and smartphones. This move will enable 18 Million users across UK to make mobile payments with Zapp.

About Zapp Payments:zapp1

  • When users reach the checkout, a code will be sent to their mobile. 
  • They can then confirm or reject the transaction with the swipe of a finger. 
  • Unlike chip and pin cards, Zapp doesn't hand over sensitive information, such as card numbers and expiry dates, that can be used by criminals. 
  • Zapp uses secure digital tokens that mean consumers don't need to reveal any of their financial details to merchants during a transaction. 
  • It is also fully integrated into financial institutions' mobile banking apps, enabling consumers to select from multiple accounts when they make a purchase and see their account balances. 

"Our customers want the choice to be able to pay on the go using mobile technology, and the Zapp proposition is second-to-none with its capabilities," says Santander’s Steve Pateman. "Zapp helps us meet the growing demand from our customers to use their mobiles to pay for goods and services swiftly and securely."

"I am truly excited to announce our lead financial institution partners: HSBC, first direct, Nationwide, Santander and Metro Bank,” said Peter Keenan, Chief Executive of Zapp. Together with our already announced acquirer partnerships, Zapp will go to market with real scale offering simpler, more secure and efficient payments to millions of customers and businesses."

Zapp is a mobile payments startup formed by payments infrastructure operator VocaLink. Merchant acquirers Optimal Payments, WorldPay, Sage Pay and Realex have already signed up for the service. These four processors' customer base combined, includes 60% of UK merchants.

Chiraag Patel

Chiraag Patel is a Senior Reporting Analyst and the Editor of Bitcoin and Virtual Currency channels at Lets Talk Payments. He is an engineer with deep interest in MMORPG, Virtual Banking, Game Currency and Virtual Cash. Chiraag enjoys Reading& Blogging with focus on New Innovation, Technology & Startups in the Payments Space.

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