Toytota financial services has entered a partnership with Barclays to allow Toyota customers to complete their car payment through the Pingit mobile application.
Toyota UK car owners with Barclays’ Pingit application can make secure additional and final payments on their car loans by using a smartphone or tablet. Toyota UK is the first UK car manufacturer to use the Barclays Pingit application for vehicle financing. The application is free for download on both iOS and Android smartphones and tablets. Anyone with a UK phone number and bank account can enjoy the service weather they are a Barclays account holder or not.
“We understand the importance of giving customers choice when it comes to their payment options and Barclays Pingit provides our customers with an innovative, fast and convenient way to make payments,” added Rupert Wentworth-Jessop, finance and compliance director at Toyota Financial Services
How Will Zero-Fee Investment Platforms Impact Traditional Stock Brokers?Go to article >>
Companies like Toyota with its cooperation with Barclays are building the bridge for traditional offline payments to bring them online and on mobile devices. Toyota joins other companies like RentMoola who are also filling in the gaps by taking traditional banking and bringing it a step further into the online payments space by offering swift and convenient alternatives.
If Volvo’s latest in-car innovation tells us anything, in the future we might even be able to complete our car payments from within the vehicle itself.