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Wireless

UK sees strong growth in Paym payments

Tuesday 9 February 2016 | 15:25 CET | News
The number of Paym mobile payments sent in the UK is almost doubling every six months with 1.46 million payments send in second-half 2015, compared to 774,628 in the first half, an increase of 89 percent. More than GBP 146 million has been sent using Paym since the service launched in April 2014, with more money sent in the last six months of 2015 than in the previous twelve months. The average transaction value of a Paym payment fell below GBP 50 for the first time in Q4 2015, with GBP 49.48 being sent on average. This suggests a trend towards the service being used for smaller, everyday

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Categories: Mobile & Wireless
Countries: United Kingdom
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