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Thread: 'PAYM' mobile to mobile payments - the end of cash?

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  1. #1
    Senior Member Lighttouch's Avatar
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    'PAYM' mobile to mobile payments - the end of cash?

    It's finally happened big time. My bank has introduced a system where I can transfer money from my current account into somebody else's account instantly to a max of £250 a day.

    Well you need a smartphone and an 'app' to do online banking with your bank. It's very secure because once registered with your bank - takes 30 seconds - all you'll need to do is log in on your phones online app - go to PayM and type in your mobile phone number, a reference and the amount to debit from your account.

    https://uk.news.yahoo.com/mobile-pay...5.html#CmWNaxe

    Is it the end of cash - what's your view?
    Last edited by Lighttouch; 29-04-14 at 09:43.

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