openPR Logo
Press release

Alternative Payment Solution Market Size, Share, Opportunity, Demand and Analysis Report 2018: Paym

03-02-2018 10:57 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orbis Research

Alternative Payment Solution Market Size, Share, Opportunity,

Orbisresearch.com added latest 18 pages report “Alternative Payment Solution: Paym” in its store.

Paym is a UK-based mobile payment solution, launched in April 2014. The Payments Council was initially responsible for supporting the launch of Paym, which is now run by Mobile Payments Service Company. The solution allows users to make peer-to-peer (P2P) transfers in real-time on their smartphones. Paym allows money to be transferred simply by selecting the recipient from the mobile's address book. To transfer money through Paym, both sender and recipient need to first register their mobile phone number with their respective banks or building societies in order to link the number with their current accounts. Users can then transfer funds simply using a mobile phone number instead of sharing current account details.

Request a sample of this report @ http://orbisresearch.com/contacts/request-sample/370250

Companies Mentioned:
Jiffy
Swish
Bank of Scotland
Barclays
Cumberland Building Society
Danske Bank
First Direct
Halifax
HSBC
Lloyds Bank
Santander
TSB
Clydesdale Bank
Isle of Man Bank
NatWest
Royal Bank of Scotland
Ulster Bank
Yorkshire Bank
Nationwide Building Society
First Direct

The solution is offered by banks and building societies as an additional service on their mobile banking apps. A maximum of £250 per day can be transferred in a day, though some banks offer higher limits. The speed and security of money transfers using Paym are the same as for online bank transfers, as Paym uses the Faster Payments infrastructure.

The solution is now supported by 17 banks and building societies, including Bank of Scotland, Barclays, Cumberland Building Society, Danske Bank, First Direct, Halifax, HSBC, Lloyds Bank, Santander, TSB, Clydesdale Bank, Isle of Man Bank, NatWest, Royal Bank of Scotland, Ulster Bank, Yorkshire Bank, and Nationwide Building Society.

Browse the complete report @ http://orbisresearch.com/reports/index/alternative-payment-solution-paym

In addition to P2P transfers, Paym can be used for consumer-to-business (C2B) payments if the business account is registered with Barclays, HSBC, Santander, Yorkshire Bank, or Clydesdale Bank. There is no daily limit for receiving payments. Each business account may have more than one registered phone number, depending on the bank’s policy.

The report provides information and insights into alternative payment solution Paym, including -
- Detailed insight into its business
- Comprehensive coverage of its products and services
- Comparative assessment with key alternative payment solutions
- Information on its performance, including its users' profile
- The company's important events and milestones

Scope
- Launched in April 2014, Paym enables fund transfers between bank customers using mobile phones.
- As of July 2017, Paym has 3.9 million registered users of which 3.3 million are active.
- Since launch, Paym has processed transactions worth £300m.
- As of July 2017, Paym is supported by 17 banks and societies.

Reasons to buy
- Gain insights into Paym's business operations, and key events.
- Gain insights into its product portfolio and working model.
- Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.

Buy a report @ http://orbisresearch.com/contact/purchase/370250

About Us:
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.

Contact Us:
Hector Costello
Senior Manager – Client Engagements
4144N Central Expressway,
Suite 600, Dallas,
Texas - 75204, U.S.A.
Phone No.: +1 (214) 884-6817; +912064101019
Email ID: sales@orbisresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Alternative Payment Solution Market Size, Share, Opportunity, Demand and Analysis Report 2018: Paym here

News-ID: 963262 • Views: 501

More Releases from Orbis Research

Building Automation Software Market 2025 Insights and Covid-19 Impact Analysis: …
Recently published report on "Global Building Automation Software Market-Analysis By Type, Product, Application, By Region, By Country (2020 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)" available at Orbisresearch.com Request a sample at https://www.orbisresearch.com/contacts/request-sample/5413825 The Global Building Automation Software Market, valued at USD 9474.32 Million in the year 2019 has been witnessing unprecedented growth in the last few years on the back of growing need for integrated security and safety
2020 Reinsurance Market in India General Insurance Corporation of India (GIC), A …
India is the fastest-growing reinsurance market in the world. The industry is expected to witness notable growth due to the recent regulatory changes imposed by the Insurance Regulatory and Development Authority of India (IRDAI), which encourages offshore companies to set up operations in the country. Further, low insurance penetration, frequent occurrence of severe catastrophes, recent regulatory reforms pertaining to crop insurance, and the entry of numerous foreign players are expected
Respiratory Care Devices Market 2020 | Key Players PAP Devices, Ventilators, Neb …
Orbisresearch.com has published "Global Respiratory Care Devices Market (by Product, Type, Application, End User, Geography), Recent Developments, Company Profiles-Forecast to 2026" report to its database Request a pdf sample at https://www.orbisresearch.com/contacts/request-sample/5139526 The global respiratory care devices market is expected to reach nearly US$ 35 Billion by 2026. Respiratory care is a healthcare specialty, which is focused on improving cardiopulmonary functions and promoting health & wellness. Respiratory care devices are used for the
Cannabidiol (CBD) Cosmetics Market 2020 Segmentation, by Key Manufacturers: L'Or …
The CBD is a good antioxidant that can fight anxiety, pain, inflammation, epilepsy, reduce the proliferation of cancer cells, and prevent and prevent alzheimer’s disease and other beneficial effects. CBD cosmetics have the functions of whitening, anti-oxidation, anti-wrinkle, anti-aging, anti-inflammation, anti-acne, repairing deep basal cells and deeply cleaning skin. Request a sample of this report @ https://www.orbisresearch.com/contacts/request-sample/3681281 The global Cannabidiol (CBD) Cosmetics market is valued at xx million US$ in 2018 and will reach xx

All 5 Releases


More Releases for Paym

Instant Payments Market Emerging Growth Analysis, Future Demand and Business Opp …
Instant payment is a new way to exchange money and purchase services in seconds. Compared with wire transfers they allow the transfer of money from the payer bank account to the payee bank account almost immediately, instead of requiring few business days. These payment systems have been developed (and are currently under development) worldwide as the need of faster and reliable transaction is the new economy common requirement. The growth
Instant Payment Market by Types P2P, B2C, C2C, B2B, O2O, by PayPal. Apple, Aliba …
Instant Payment Market 2019-2025: This report focuses on the global Instant Payment status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Instant Payment development in United States, Europe and China. In 2017, the global Instant Payment market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025. Things Covered in Sample
Instant Payments Market: Comprehensive study explores Huge Growth by key players …
A new research document is added in HTF MI database of 102 pages, titled as 'Global Instant Payments Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025' with detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like North America, Europe, Asia-Pacific ,South America and important players/vendors such as Danske Bank [Denmark] , Swish [Sweden] , Paym [ United Kingdom]
Instant Payments Market : Comprehensive study explores Huge Growth by BlueCash, …
HTF MI recently introduced Global and United States Instant Payments Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are SWIFT, SITRAF, BlueCash, Vocalink, Danske Bank, Swish, Paym,
Instant Payment: Market 2018 Segmented by Manufacturers (SWIFT, SITRAF, BlueCash …
Instant Payment Market Analysis to 2025 is a specialized and in-depth study of the Instant Payment industry with a focus on the global market trend. The report aims to provide an overview of global Instant Payment market with detailed market segmentation by product/application and geography. The global Instant Payment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of
Alternative Payment Solution Market Analysis 2018: Paym
Orbis Research Present’s “Alternative Payment Solution: Paym” magnify the decision making potentiality and helps to create an effective counter strategies to gain competitive advantage. Paym is a UK-based mobile payment solution, launched in April 2014. The Payments Council was initially responsible for supporting the launch of Paym, which is now run by Mobile Payments Service Company. The solution allows users to make peer-to-peer (P2P) transfers in real-time on their smartphones. Paym