HSBC to launch Hong Kong P2P mobile payments app
HSBC is to launch a P2P mobile payments app in Hong Kong early this year that will allow customers of any bank to transfer money using a recipient’s mobile phone number... More
Paym
UK businesses to get payment service via Pingit and Paym
UK businesses using digital banking solutions provider Bottomline Technologies’ C-Series payments processing module will soon be able to send payments to recipients using only their mobile phone number through the Barclays’ Pingit mobile app or the Paym mobile payment platform, which is also supported by Barclays... More
Paym reports 89% increase in use in second half of 2015
More than £146m has been sent using peer-to-peer mobile payments platform Paym since its launch in 2014, with 1.46m payments sent in the second half of 2015 compared to 774,628 in its first six months — an increase of 89% — the company has revealed. More
80% of Brits have used alternative payment methods this year
Eight in ten UK consumers with bank accounts have used an alternative to traditional cash and plastic cards in the last 12 months, research by Gocompare.com has found... More
Paym reaches 1m users
More than one million Brits have now registered for Paym, the mobile payments service operated by the UK’s Payments Council, with just over £6.5m being sent on the platform since its launch in April this year... More
British Banking Association reports on UK’s banking ‘revolution’
Mobile and internet banking in the UK is now being used for transactions worth nearly £1bn a day and totalling £6.4bn a week, up from £5.8bn last year, according to an industry-wide report on how mobile technology is changing the banking industry from the British Banking Association and Ernst & Young... More
Payments Council outlines expansion plans for Paym mobile payments platform
More than 500,000 UK bank account holders have signed up for Paym mobile payments since its launch last month, the Payments Council reports, and the organisation is now looking at adding additional proxies to the service, such as email addresses and driving license numbers, as well as making Paym available for other types of payment requests and international transfers... More