Ordo launches free P2P payments service in wake of COVID-19
Online payments firm Ordo has released a new peer-to-peer (P2P) payments platform and lifted charges and restrictions for all those planning to use it.
The firm, which counts Nationwide among its investors, has launched its Neighbour2Neighbour system, which will allow users to receive payments via a request system connected to their bank account.
Ordo has released the new platform free of charge for users in response to what it sees as the growing number of people undertaking tasks like shopping for those around them isolating in the wake of the coronavirus.
If the payer doesn’t have mobile or online banking, they will be able to pass the Ordo request from to someone else in their household or a close family member who can make the payment on their behalf, the firm says.
“Every day, more and more people are offering their support to help members of the community – whether that’s NHS staff or other key workers, the elderly or those with medical conditions,” says Craig Tilotson, CEO and co-founder of Ordo.
“In the current climate, many are unable to make cash or contactless payments themselves in store and are looking for safe ways to settle up with the people helping them.
“Often these volunteers are supporting several people in the same street, and using Ordo not only makes simple work of processing individual transactions, it makes it easy for the person helping to keep track of the money they need to collect and know when they’ve been paid without asking or having to look in their bank account.”