Barclays has added a new feature to its app that allows customers to make payments from current accounts held with other banks.
It has now become the first UK high street bank to debut this service.
Go deeper with GlobalData
The newly added feature uses API technology, which is powered by Open Banking.
The Barclays app already allows users to view current, savings and credit card accounts held with other UK banks.
Barclays open banking director Caroline Ambrose said: “Day-to-day life is busy enough without juggling multiple banking apps to stay on top of your finances.
“That’s why we’re working to make our customers’ lives easier by putting everything in one place and adding features that help them manage their money in a secure and straightforward way.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“Payments are the next step in our journey towards giving our customers, even more control over their money, and easier ways to do their everyday banking tasks.”
Initially, customers who linked their current accounts held with NatWest and Nationwide will be able to use the new feature.
The app will soon be rolled out for other providers including Santander, Lloyds, Halifax and Bank of Scotland.
To use the new feature, customers will first need to link the accounts they hold with another bank into their Barclays app.
Once the account is linked, customers can check their balance and transactions, and securely make payments from the account.
Barclays said in a release that in the coming weeks they will be adding more functions to the app to enable quicker payments.
The app will also allow customers to save new payment contacts without needing to re-enter the details.
Last year in May, Barclays launched an in-app account opening with new fraud warnings as digital interactions continue to increase globally.
The Barclays app has a range of different budgeting tools that helps customers stay in control of their spending as well.
