Paym mobile payments service launches in the UK

New payment service, Paym, launched in the UK yesterday, enabling bank customers to send money using just their mobile phone number. Backed and developed by The Payments Council, over 300,000 people have already registered for the new service since registration opened three weeks ago, with nine banks and building societies on board at launch. The Paym service enables even more consumers to use mobile as a fast, secure and convenient payment channel, reflecting the global trend toward mobile payments. Earlier this year MEF released its Mobile Money Insight Report which indexed the … [Read more...]

Andrew Bud: How the world is banking on mobile

Andrew Bud

MEF Global Chair Andrew Bud takes a closer look at the data uncovered by MEF's research on mobile banking globally, and draws some interesting conclusions. MEF's Global Consumer Survey of nearly 10,000 mobile users in 10 countries is proving to be an inexhaustible source of insight into the changing world of mobile content and commerce.  Recently we were reviewing the detailed data regarding mobile banking worldwide in 2012, and some fascinating patterns became apparent. I recently spoke to Finextra, the website for the worldwide financial technology community, who wanted to get some detailed … [Read more...]