Mobile Banking -

Bank of Ireland make big P2P play

Bank of Ireland has stolen a march on its local and UK counterparts by going live with a new service that lets its banking customers transfer cash in a way that is as simple as sending a text message.

The Pay to Mobile service lets bank customers make payments from one mobile to another, using just a mobile number. The bank revealed in December that it was planning to launch the service, and says almost 20,000 customers pre-registered for the new service ahead of it going live. The service currently works for iPhone users, with an Android version following shortly.

The bank says its mobile banking app has 180,000 active users, with almost 10 million logins registered since launch.

“The changing needs and preferences of our customers, coupled with technological advances, has led to the rapid adoption of direct banking channels,” explains Gavin Kelly, head of direct banking, Bank of Ireland.

“We want to enable our customers to access banking services through the technologies that they use everyday. This new service allows customers to transfer money to friends or family without having to know, or input, their account details. We’re delighted to be the first bank in Ireland to roll out this capability to our customers,” Kelly said.

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