First Direct in Leeds has announced that it’s rolling out the Paym system so that its customers can use their mobile phone to make payments.
Secure transfers of up to £350 per day can be made to anyone using the same system, just by using a mobile phone number from the bank’s App.
“Nearly one in three payments is now being made through our Banking on the go App, and with over 30% growth in mobile payments since the beginning of 2014, I’m sure this will be a welcome addition for our customers,” explained Sean Barton, head of digital.
The bank said that there have been over 1m registrations and more than £6.5m of transactions since the Paym service launched in April this year.
