Last summer we reported on Zapp, a payments service from Vocalink that allows mobile payments. And we haven’t heard owt since then. But now it seems that a launch will be coming later on in the year.
So it looks like they’re taking their time to get things right. That seems sensible and a gala, multi-million pound launch later in the year isn’t that far away. It’s usually better to have a slick execution rather than rushing something out.
Zapp could be a big challenger to the likes of PayPal because of the people behind it. VocaLink, the operator of the UK national payments infrastructure, is owned by a consortium of 18 banks and building societies, including Barclays, RBS, Lloyds, HSBC and Santander.
If you want to check out how Zapp works, here’s a video. I expect we’ll be writing a lot more about things like this in 2014.