UK PAYMENTS COUNCIL TO ANNOUNCE P2P PAYMENTS

Updated: 03/14/2014 13:42
Reprints/Permissions  Hyip Monitor
uk payments council to announce p2p payments
The UK Payments Council gave the audience reason for happiness, posting the news saying that by the end of 2014, UK banks will allow making payments...
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The UK Payments Council gave the audience reason for happiness, posting the news saying that by the end of 2014, UK banks will allow making payments...

The UK Payments Council gave the audience reason for happiness, posting the news saying that by the end of 2014, UK banks will allow making payments with the help of one mobile phone number. With those purposes the service of P2P payments Paym is being tested now.

"Paym is a mobile update for payments that means you can pay securely using just a mobile number," said Adrian Kamellard, chief executive of the Payments Council. "Paym will make it easier to repay a friend for cinema tickets, split a restaurant bill or settle up for a colleague's birthday collection."

Once the service is officially available, one won't need to surf around the web, looking for where one can use it. Paym is claimed to be integrated directly to existing banking and payment applications. The first in turn for integration are the following banks: Bank of Scotland, Barclays, Cumberland Building Society, Danske Bank, Halifax, HSBC, Lloyds Bank, Santander and TSB Bank. They will later be followed by six more UK credit institutions.

The exact date of the Paym release will be announced the following month and more likely, all fans of simple solutions are not going to skip the opportunity to link personal account to the mobile phone number, especially taking into account the procedure is supposed to take up a minute or so. In exchange one surely gets such a simple and accessible solution.



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