Mobile payment service launched

Press Association
Updated
Extreme close-up of hand holding a modern smartphone with a generic mobile banking app running.This is a version without amounts
Extreme close-up of hand holding a modern smartphone with a generic mobile banking app running.This is a version without amounts

%VIRTUAL-SkimlinksPromo%A new mobile payment service with the potential to eventually link up every current account in the country with a phone number has been launched, making it available for use by 30 million people initially.

The new Paym service to enable more people to transfer money just by using mobile phone numbers can be used by customers of Bank of Scotland, Barclays, Cumberland Building Society, Halifax, HSBC, Lloyds Bank, Santander, TSB and Danske Bank.

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