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    UK Payments Council

    News stories featuring UK Payments Council:

    UK businesses to get payment service via Pingit and Paym

    May 10th, 2016

    UK businesses using digital banking solutions provider Bottomline Technologies’ C-Series payments processing module will soon be able to send payments to recipients using only their mobile phone number through the Barclays’ Pingit mobile app or… More

    Paym reports 89% increase in use in second half of 2015

    February 9th, 2016

    More than £146m has been sent using peer-to-peer mobile payments platform Paym since its launch in 2014, with 1.46m payments sent in the second half of 2015 compared to 774,628 in its first six months — an increase of 89% — the company has revealed.  More

    UK cash payments fall to 48%

    May 22nd, 2015

    The total number of cash payments made by consumers, businesses and financial organisations in the UK fell to 48% last year, marking the first time that non-cash payments have exceeded those made with cash, the Payments Council reports. Some 52% of consumers continued to use cash for more than half of their transactions in 2014, however, and “there is no prediction for cash to disappear”.

    Paym reaches 1m users

    August 7th, 2014

    More than one million Brits have now registered for Paym, the mobile payments service operated by the UK’s Payments Council, with just over £6.5m being sent on the platform since its launch in April this year. “It’s hugely encouraging that one million people have chosen to register for Paym already, but this milestone only marks the start of growth in the service,” says the company’s Jemma Smith.

    British Banking Association reports on UK’s banking ‘revolution’

    July 9th, 2014

    Mobile and internet banking in the UK is now being used for transactions worth nearly £1bn a day and totalling £6.4bn a week, up from £5.8bn last year, according to an industry-wide report on how… More

    Payments Council outlines expansion plans for Paym mobile payments platform

    May 27th, 2014

    More than 500,000 UK bank account holders have signed up for Paym mobile payments since its launch last month, the Payments Council reports, and the organisation is now looking at adding additional proxies to the service,… More

    UK Payments Council to build mobile payments platform

    August 8th, 2011

    The Payments Council, the industry body responsible for setting strategy for payments in the UK, has told NFC World that it is developing a platform that all British banks will be able to use to deliver a range of mobile payments services. More

    NFC news in brief • 6 Dec 2010

    December 6th, 2010

    News in brief from the NFC world and beyond: Inside Contactless ships 250m cards, changes name • Visa matches phone and card locations • UK debit cards overtake cash • PayPal rewards best customers • Retailers test mobile POS • Mobile barcode usage up 30% • Which mobile OS where? • and more… More

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