Transferring money to friends and family has got considerably easier since the days when writing cheques was the only option, but until now it still required knowledge of people’s bank details. A new ...

A NEW system that allows bank customers to send and receive payments using only a mobile phone number has launched today. Paym – pronounced “Pay Em” – is run by the Payments Council, an industry body ...

The Payments Council, the organisation that sets strategy for UK payment mechanisms, has confirmed the name of a new secure way to pay using just a mobile phone number. The new method will be called ...

Look out PayPal – UK banks are getting serious about mobile payments and have launched Paym, a new mobile payments service that lets users send money instantly using just their mobile number. The most ...

It's not quite paying for stuff with your veins - but it's getting closer. Paym ("pay-em"), a new mobile payment service that could link every current account with a phone number, has been launched.

Paym is a new mobile payments system that has just launched in the UK, designed to make payments to friends and family a lot easier. The system uses just your mobile number for payments, so you don’t ...

Non-smartphone users can register to receive payments, however a smart phone app is required to send money Credit: Photo: Alamy A new payment service, Paym, has launched today, enabling bank customers ...

More than 360,000 people have registered for the launch of Paym, the mobile-to-mobile payments system launched on Tuesday morning. Paym is backed by most of the major banks, including Lloyds, Barclays ...

Customers of nine banks and building societies will use Paym from launch Customers at nine bank and building societies will soon be able to pay people using a mobile phone number. A new service called ...

The number of payments made through mobile transaction service Paym is doubling every six months, according to research. Paym has found that between July and December 2015, payments made through the ...