News Articles

Tuesday, April 29, 2014

UK mobile payment service Paym launches today

Mobile payment service Paym has launched today in the UK. The new service lets customers transfer money to other people via their mobile phone number, with no need to know bank account or sort code numbers.

Paym has been created by the Payments Council, which is the body that ensures payment services work in the UK, and is available to more than 30 million people across the UK.

Customers of Bank of Scotland, Barclays, Cumberland Building Society, Danske Bank, Halifax, HSBC, Lloyds Bank, Santander and TSB are able to send and receive Paym payments from today. Later this year the service is due to expand to cover more banks, becoming available on over 90% of current accounts.

Existing bank account apps will be updated to integrate Paym payments. To receive money, customers simply register their mobile phone number with a current account.

Adrian Kamellard, Chief Executive of the Payments Council, said “Paying someone back just got easier for millions of people. Paym is another safe and easy option to pay friends and family – after all, you probably already know all your friends and family’s mobile numbers, so why not use them if you need to send them some money?”

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: Applications, NewsNumber of views: 1598

Tags: uk banking payments paym

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«September 2017»
MonTueWedThuFriSatSun
28293031123
45678910
11121314151617
18192021222324
2526272829301
2345678

Archive

Terms Of Use | Privacy Statement