Barclays Bank is launching a mobile phone app called Ping-It which will allow you to transfer money to someone else just by using their mobile phone number and without need for bank details.

Technology correspondent Rory Cellan-Jones explains how it works.

African Business Report presenter Komla Dumor describes how Africa is ahead of the game on this technology and Adrian Kamellard, chief executive of the Payments Council, talks about whether it will be something available to everyone.

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