Paym off to a Good Start, with Over a Million Users in First 100 Days

UK mobile payment service Paym, launched in April, has registered more than 1 million users in the past 100 days. In that period, about £6.5 million have been transferred through the channel. Paym had crossed the 500,000 mark in registered users just three weeks after its launch.

Paym is a mobile payment service that enables customers to make secure payments to account holders of participating banks using just their mobile number. The customer doesn’t need to remember a code or account number, since only the contac ...

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