New UK start up eWise payo has developed a new mobile payment app that enables consumers to pay from any of their bank accounts with existing funds and provides visibility of account balances at the time of purchase.
eWise payo has launched a mobile version of it’s eWise payo online payment solution eWise payo mobile. The new mobile solution will enable consumers to initiate secure and private payments for goods, services, or bills online or face-to-face, without having to provide personal financial information to any third parties.
John France, managing director at eWise payo, commented: “Current statistics indicate that 29 percent of UK adults own a smartphone, and, 54 percent of smartphone users have used their device for a banking transaction. Given the anticipated growth of these figures, we saw the need to launch a mobile application that would provide a consistent interface for the consumer.
“When we launched eWise payo in January, we indicated that the solution would provide the answer to the industry’s demand for improved security. Our mobile version creates an exciting customer experience, and will – I believe – be the biggest positive technological advancement to hit the UK retail banking arena since the introduction of the first ATM in 1967.”
eWise is currently in advanced discussions with a number of the high street banks, merchant acquirers, PSPs and merchants. As a result of which, the company has brought forward its initial launch – planned for 2012, and hopes to make an announcement in Q2/Q3 2011.
Watch the video below to see how eWise epayo works