Paym will Enable Users of Britian’s 9 Biggest Banks, Make Payments via Smartphone

Less than 3 per cent of people in the UK have ever made a mobile payment in a shop. That compares with 7 per cent of people in the US, 5 per cent in Spain and France and 3 per cent in Germany, according to Bain & Company, in the survey of 25,000 people across the five countries. However, a new service is all set to enable users of Britain's nine biggest banks to send money to each other via their mobile phones.

The technology pronounced 'Pay-em' could be used to share ...

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