Paym Mobile Payments system launching this month

Back in March, we told you that Paym, pronounced ‘Pay Em’, should be here later this year. The Payments Council has announced that it will now be ready much earlier than that and will be available from 29 April. Customers can register in advance, from Wednesday 2 April.

Paym, pronounced ‘Pay Em’, ‘is a mobile update for payments that means you can pay securely using just a mobile number. The service has the potential to link up every bank account in the country with a mobile number – millions of people will be able to use it.

Customers of the following banks can now register to link their mobile number with their bank account:

  • Bank of Scotland
  • Barclays
  • Cumberland Building Society
  • Halifax
  • HSBC
  • Lloyds Bank
  • Santander
  • TSB Bank

Later this year it will also be used by:

  • Clydesdale Bank
  • First Direct
  • Isle of Man Bank
  • NatWest
  • RBS International
  • The Royal Bank of Scotland
  • Yorkshire Bank

Further information is available here.[signoff predefined=”Enjoy this?” icon=”icon-users”][/signoff]