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The sender would enter the recipient's phone number (or selects their number in their own phone's address book). The sender's bank would then retrieve the account number and sort code associated with that phone number, and then send the money using the
34:
280:. The name "Paym" was stylised in the logo with a slight gap between "Pay" and "m", and is a play on words over "Pay 'em", a contraction of "Pay them", and "Pay M" alluding to "Pay Mobile". In 2018 Paym had around 4 million users.
283:
The recipient had to register in order to link their mobile phone number with their bank account. Those wishing to make a payment to a registered phone number could use their existing
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470:
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750:
307:. The sender was shown the recipient's name (in order to confirm that they were paying the right person) but not their account details.
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planning to join later in 2015. The underlying network technology is provided by
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service. Payments made through Paym took place at the same speeds as existing
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involved from the launch in April 2014. More than nine out of ten
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453:"Paym promises mobile-to-mobile current account payments"
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and participating banks and building societies, with
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405:"Payments via mobile number to start this month"
471:"Paym mobile payments service to close in 2023"
310:The Paym service closed down on 7 March 2023.
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8:
26:
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1109:
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185:number instead of bank details such as
106:Mobile Payments Service Company Limited
181:. Recipients were identified by their
7:
1081:
1079:
333:A similar system in use in Australia
339:A similar system in use in Portugal
1095:. You can help Knowledge (XXG) by
1091:This finance-related article is a
14:
327:A similar system in use in Sweden
192:The service was developed by the
1083:
1063:
1062:
451:Papworth, Jill (10 March 2014).
133:
268:joined Paym in June 2015, with
236:in the UK supported Paym after
1:
1142:Banking in the United Kingdom
16:British mobile payment system
266:Nationwide Building Society
206:Cumberland Building Society
1173:
1078:
258:The Royal Bank of Scotland
18:
1058:
985:Google Wallet (2011-2018)
407:. BBC News. 2 April 2014.
31:
19:Not to be confused with
305:Faster Payments Service
264:joined later in 2014.
299:payment mechanisms.
189:and account number.
488:Paym Mobile Payments
909:Touch 'n Go eWallet
169:system provided by
28:
1147:Banking technology
681:Interac e-Transfer
421:. Payments Council
419:"Who is involved?"
382:. Payments Council
175:building societies
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569:Atom Technologies
254:RBS International
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234:current accounts
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194:Payments Council
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795:Oxigen Services
594:Carta Worldwide
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380:"Paym overview"
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325:Swish (payment)
320:Barclays Pingit
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293:Faster Payments
238:Clydesdale Bank
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95:Mobile payments
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69:March 2023
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44:April 2014
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892:Samsung Wallet
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659:Google Pay app
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524:Mobile payment
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482:External links
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289:online banking
285:mobile banking
262:Yorkshire Bank
179:United Kingdom
167:mobile payment
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1005:Microsoft Pay
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899:Spice Digital
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666:Google Wallet
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1097:expanding it
1090:
1009:
995:Lemon Wallet
919:UnionPay app
785:Orange Money
726:Mobile Suica
711:Mercado Pago
574:Bancomat Pay
465:
457:The Guardian
456:
446:
435:
423:. Retrieved
413:
384:. Retrieved
374:
362:. Retrieved
352:
309:
301:
282:
242:First Direct
191:
183:mobile phone
128:
127:
887:Samsung Pay
800:PayAnywhere
629:EServGlobal
222:Lloyds Bank
210:Danske Bank
82:Area served
1136:Categories
934:WeChat Pay
929:Wave Money
654:Google Pay
644:Garmin Pay
639:FreeCharge
634:Fitbit Pay
604:CDS Global
559:Apple Cash
554:Amazon Pay
364:11 January
358:"About Us"
344:References
274:Tesco Bank
270:Metro Bank
825:Braintree
775:Naver Pay
731:MobilePay
614:Easypaisa
564:Apple Pay
226:Santander
187:sort code
1068:Category
1025:Softcard
975:CurrentC
944:YooMoney
857:Payworld
835:Paydiant
721:MobiKwik
701:Line Pay
696:KakaoPay
686:JazzCash
624:Ensygnia
619:EnStream
599:Cash App
526:software
425:21 April
386:21 April
314:See also
278:VocaLink
202:Barclays
165:) was a
91:Services
980:Fortumo
970:Bell ID
958:Defunct
882:Revolut
867:PhonePe
830:iZettle
805:PayMate
716:Mir Pay
250:NatWest
214:Halifax
177:in the
111:Website
73:2023-03
71: (
66:Defunct
56:Founder
48:2014-04
46: (
41:Founded
1030:Tagpay
1020:Simpay
1015:Pingit
1000:LG Pay
990:Kuapay
965:AirTag
939:Wizzit
847:PayPay
820:PayPal
815:PayNow
741:M-Pesa
609:Circle
549:Alipay
532:Active
360:. Paym
337:MB Way
260:, and
102:Parent
1040:vcash
949:Zelle
924:Vipps
914:TWINT
904:Swish
852:Paytm
840:Venmo
810:PayMe
746:Nagad
736:Mopay
691:Jumio
676:iDEAL
671:Gopay
649:GCash
579:bKash
544:Adyen
331:PayID
171:banks
21:Paytm
1093:stub
1050:Znap
1045:Zapp
1010:Paym
877:Qiwi
862:Paze
780:NEFT
766:BHIM
756:IMPS
751:NPCI
706:Maya
589:Boku
584:Blik
539:2C2P
440:FAQs
427:2014
388:2014
366:2017
297:LINK
272:and
228:and
218:HSBC
173:and
129:Paym
116:paym
27:Paym
1035:Tez
872:Pix
761:UPI
295:or
287:or
230:TSB
162:-əm
160:PAY
120:.uk
118:.co
1138::
455:.
396:^
256:,
252:,
248:,
244:,
240:,
224:,
220:,
216:,
212:,
208:,
204:,
200:,
150:əm
144:eɪ
1124:e
1117:t
1110:v
1099:.
516:e
509:t
502:v
473:.
459:.
429:.
390:.
368:.
153:/
147:.
141:p
138:ˈ
135:/
131:(
75:)
50:)
23:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
