OREANDA-NEWS. January 14, 2016. Following its successful launch in Spain recently, ING has introduced peer-to-peer-payment app, Twyp in the Netherlands. Twyp, an abbreviation of The Way You Pay, is an app that allows consumers to pay small amounts instantly to contacts on their mobile devices.

The app is free and is available for both ING customers and non-ING customers. ING is also looking into launching the app in other countries where it operates.

Easy to use

Consumers can easily download the app from the App store and Google Play. After a simple registration process, it is ready to use. An initial account balance in Twyp can be easily established via IDEAL or credit card.

Heidi van Eijk, director of Daily Banking at ING Netherlands said: “ING continues to look for ways to make payments more simple and easier. For example, Twyp is a simple solution to the problem of paying back a friend after a night out. You don’t need long bank account numbers to exchange money. With Twyp, you just go to your contact list. On the basis of just a telephone number, you can then transfer money. Your smartphone is all you need.”

Following its launch in Spain in December 2015, 180,000 people in the country already have downloaded the app and registered with Twyp.

Twyp, which already contains key functionalities, will be further developed using customer feedback to enhance the customer experience even more.

Increasing the pace of innovation

The launch of Twyp is example of ING fast-tracking the introduction of innovative initiatives to transform banking. Twyp creates a differentiating customer experience by offering a clear and easy payments solution.

For information about Twyp, please visit https://www.twyp.com/en/