Out with the old, in with the new

Issue 458 | 6 March 2023

Paym: I hardly knew you

Paym is (and from tomorrow (7 March 2023) was) a mobile payment system operated by Pay.UK and offered by the majority of the UK’s banks and building societies. Recipients are identified by their mobile phone number rather than their bank sort code and account number.

At the end of 2022 the service was available to more than nine o…