VocaLink Zapp does an IKO

VocaLink has presented Zapp mobile payments. The new company is to build a service that will let user’s in UK link their bank accounts to their mobile phone numberand make real-time payments using their mobiles. The plan is to launch Zapp to consumers in early 2014, when it will target all commerce channels, mobile, online and in-store. To proceed VocaLink is asking the market for £100 million in venture capital.

The Zapp service look much alike the IKO mobile payment service launched by PKO Bank Polski earlier this year. IKO covers all payment situations plus extra’s like person-to-person, money vouchers and ATM cash withdrawal using mobile instead of card.

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