Toyota and Barclays team up to offer mobile car payments

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 Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term 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

Companies like Toyota with its cooperation with Barclays are building the Bridge Bridge The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metat The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metat Read this Term 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.

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