Paym is an industry-led collaboration that allows you to securely send and receive money straight to your current account using just a mobile number.
Paym means there is no need to exchange sort codes or account numbers and anyone using Paym to send money is able to check the name of the recipient before confirming the payment - so they can be sure they’re sending it to the right place.
Working with participating banks and building societies, we launched Paym in April 2014, and more than 40 million customers are now able to register - representing more than 90% of current accounts.
Paym is now run by an independent company made up of participating payment service providers that offer the Paym service directly to their customers. For more information go to paym.co.uk