Cashless payment app new risk

Updated
text
text

Simon Galloway/EMPICS Sport

The Barclays cashless money transfer app has been hailed as a breakthrough, making it easier than ever to send cash to friends or family, as long as they have a UK mobile phone number and a current account. It puts an end to the need for passing on sort codes and account numbers, and makes it as easy to send cash as it is to send a text.

However, the experts are warning that this could open up new risks for users.

Advertisement