London social payment app with 12,000 on waiting list launches on app stores
After its closed beta launch in September, social payment app VibePay is now available to download from iOS and Android app stores.
Although the app remains exclusive at this time, VibePay is looking to gain feedback from those outside its own community in a wider beta rollout
There were 12,000 people on the waiting list following the previous beta launch, only open to members of the VibePay community. The company is now seeking to increase its active user base to 100,000 within the next few months.
VibePay has built its own payment platform in house and from scratch. The Vibe banking gateway, which the company refers to as ‘the engine’ is an aggregated layer, which integrates into existing banking infrastructure, and with one simple API allows the consumer app to deliver a unique experience for consumers, powering social payments.
VibePay, which is already integrated with 14 banks including Monzo, First Direct, Lloyds Banking Group, Barclays and Santander, makes it easy for friends to request and send payments securely.
Commenting on VibePay’s growth, founder and CEO, Luke Massie says: “We harness the power of community to drive change - we started in ticketing and now we are moving into social payments.
"It’s been a busy first few months for VibePay since receiving accreditation from the FCA. Our brand is trusted and followed by over 150,000 across social media."
"We’ve demonstrated product market fit in yet another vertical and created real excitement for VibePay’s social payments offering here in the UK, just as Venmo have done in the US and WeChat in Asia. With Open Banking, there’s no reason why receiving payment shouldn’t be as quick and easy as sending a text. With VibePay, we’re making this a reality.”