Undated Barclays handout photo of a smartphone with the Barclays Pingit App. The number of bank transactions made on mobile phones has doubled in a year, according to new figures. PRESS ASSOCIATION Photo. Issue date: Monday March 31, 2014. More than 5.7 million transactions a day are made using smartphones and other internet-enabled technology, according to a report from the British Bankers' Association (BBA). See PA story CONSUMER Banking. Photo credit should read: Ben Phillips/VisMedia/PA WireNOTE TO EDITORS: This handout photo may only be used in for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentioned in the caption. Reuse of the picture may require further permission from the copyright holder.
Credit unions are to be offered access to the technology behind Barclays' pioneering Pingit mobile payment service so they can operate similar payment schemes without the expense of investing.
Barclays made the announcement as it unveiled a new £1 million cash injection for credit unions, which will be able to bid for the money which they can use to help them modernise and expand, which could involve them taking on new staff or new premises.
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