U.K. patrons of Barclay's Pingit mobile payment app will be able to use the tool for making purchases. Richard Martin, Barclay's managing director of cash management, revealed the plan to Finextra.

The new program, called Buyit, will use the Pingit app to effect transactions by scanning QR codes on advertisements displayed on billboards or magazines. It will also be possible to use QR codes on bills to make payments as well.

"You can scan that QR code; you can immediately be ordering the goods that pop up; automatically pre-populated; your delivery details are sent straight through to the retailer; two days later the goods are delivered," Martin told Finextra.

Pingit uses the U.K.'s Faster Payments network to carry the transactions. Faster Payments is a network of partner banks that is used to speed the settlement and handling of payments.

Pingit, launched early last year, is designed for small person-to-person money transfers. The article doesn't say when Buyit will hit the market.

Read more about money transfer/P2P.