9th February 2016 Church News.
There were 1.46 million Paym payments in the second half of 2015, compared to 774,628 in the first six months. More than £146 million has been sent using the British bank-backed person-to-person mobile payments service since it launched in April 2014. The average transaction value dipped below £50 for the first time in the last three months of 2015, with £49.48 being sent on average, with petrol money, splitting bills, IOUs and other household costs amongst the most popular reasons to use the offering. 3.2 million people had registered for the service with one of the 17 participating banks and building societies by the end of December.
