Central Banking

UK prepares for mobile payment apps

mobilewebsite

The UK can learn from mobile payment developments abroad, but will need a technological set-up tailored to the quirks of the local market, according to participants at a payments seminar yesterday.

The Payments Council is launching a platform in the first half of 2014 that will enable the UK's population to make payments using a person's mobile phone number as a proxy for their account number and sort code. Eight banks, representing 92% of the UK's current accounts, have signed up for the scheme

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: