Paym


(Andy Little) #1

Are there any plans for Monzo to support Paym sometime after the launch of full current accounts?

I know there is Monzo.me, but paym works easily across multiple banks.

What do other people think? Would it be a good thing for Monzo to support in the future?


(Rika Raybould) #2

In the future, sure. I’d love to see PayM support.

PayM requires current accounts first, it’s essentially just a lookup service between phone numbers and account numbers/sort codes with actual payments happening over an existing method (of course, Faster Payments are heavily preferred).

Take a look at the old P2P payments thread for some further insight from the team in to the pros and cons of PayM itself.