Social payment app VibePay sets September launch following UK regulatory approval

July 11, 2019

VibePay, a London-based peer-to-peer app, has received regulatory approval from the U.K. Financial Conduct Authority, the company announced in a press release. 

VibePay, which allows users to socially plan events and request payment from friends through the app, said it will launch in September. 

"The VibePay app makes it easier for groups of friends to plan and pay for their social activities," Luke Massie, CEO of VibePay, said in the press release. "It takes the pain out of collecting council tax from flatmates and planning holidays with friends."

VibePay also plans a feature that will allow consumers to pay merchants directly from their bank accounts during online shopping. 

VibePay is a unit of Vibe Group Holdings and recently got an investment from Candy Ventures, a private investment fund from British real estate developer Nick Candy. 

Topics: In-App Payments, Mobile Payments, Money Transfer / P2P, Region: EMEA, Regulatory Issues

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