VibePay is releasing its app on Google Play and the Apple App Store and calling for up to 100,000 new beta testers.
The U.K.-based social payment app is actively encouraging consumers to download its app and join its existing waitlist as it prepares to expand its user base. The app was first launched in an-invite only beta test in September when it accepted the first 1,000 users on
By end of November it had released its
The social payment app is similar to Venmo in the U.S. in that its main focus is to enable peer-to-peer (P2P) payments and allows for messages to be included in the payments for other users to view. It’s different from start in that it plans to allow social sellers or merchants to accept payments almost from the beginning. In comparison,
VibePay has actively connecting high street banks to its P2P service, noting in recent blog posts that it has enabled users to connect their bank accounts from Bank of Scotland, Barclays, Danske Bank, First Direct, M&S Bank, HSBC, NatWest, Royal Bank of Scotland, Santander, Nationwide, Halifax, Ulster Bank and Lloyds. VibePay is also actively working on integration efforts with Clydesdale Bank, TSB and digitally-focused challengers
In a sign that VibePay is seeking to tap into a broader, digital-only audience. It announced on Tuesday that it has added the capability for its users to connect their Monzo bank accounts to VibePay for sending and receiving payments.