Sending Money To A Mobile Phone Number

[sunny-dave]

No idea where to post this (News, Personal Finance, Technology?) - so it's here as a default.

http://mobile.halifax.co.uk/payacontact/index.html

It sounds weird, but actually looks quite clever/easy.

Would you register?

Would you use it?

[Jomlett]

Well for a start it's not a secure site...very strange.

[hc4361]

This has been recommended in some pc mags and has more banks signed up

http://www.paym.co.uk/

[wolf63]

If you want to see if it works your could try sending money to me. I am jst off to try and catch young Francis for his trip to the v-e-t.

[sunny-dave]

I think it's fascinating - I wonder what guarantees the banks are offering about lost/wrong payments.

You can just see the scenario for cock-ups at the end of a well lubricated night-out ...

[boxtops]

No, nothing like that goes on my phone. I'd rather carry on sending you money by PayPal.

[woofgang]

you can already do this through paypal can't you?

[Old_Geezer]

So what is stopping me signing into my bank account via my mobile and making a transfer anyway ?

(Aside from not wanting to pass confidential information over a public WiFi of course.)

[Buenchico]

It's hardly new! Barclays were the first to launch the service in February 2012:
http://www.newsroom.barclays.com/Press-releases/Barclays-launches-first-service-for-sending-money-by-mobile-phone-number-88a.aspx

[Brinjal]

In zimbabwe we use a phone cash service here and works well for us.

[Brinjal]

Ours is not linked to a bank but through a phone service provider and works well especially here where in some areas there are no banks so shops can register and provide this service.

[hc4361]

OG, you need the other person's bank account details to do that. This method is simpler and much quicker.

[jomifl]

It seems to work well in Africa.

[Old_Geezer]

Ok, fair enough hc. That stated, I can't pay someone unless they register; given I rarely receive payments I'm unsure I'd benefit much. I reckon I need to make my financial transactions simpler rather than add more ways to buy/sell things.

[Svejk]

///No, nothing like that goes on my phone. I'd rather carry on sending you money by PayPal. ///

is that sunny-dave blackmailing you, or something, boxy?

[sunny-dave]

I have the photos, sweaty ... Nibble in a kilt is X-rated :)

[Svejk]

;o)

[boxtops]

LOL, dave :-)