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...]