UK bank account holders can now register for Paym’s system to pay IOUs with just a mobile number
Apr02
The UK’s Payments Council has today announced that the Paym system that will allow UK bank account holders to make payments to friends and family using just a mobile number is available for pre-registration ahead of its launch on April 29. Essentially, what the service will allow is person-to-person payments using just a mobile number – there’s no need to remember the sort code or account number of the person being paid, meaning it should be quicker and easier to reclaim odd bits of money that you have lent to people here and there. “Friends tend to make IOUs on a…
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