Bank of Ireland, Ireland’s biggest-bank by assets, has launched a new mobile banking service that will enable customers to transfer money from their accounts to other Bank of Ireland customers by using their phone number.
Bank of Ireland said almost 20,000 customers had pre-registered for the mobile-to-mobile service.
Go deeper with GlobalData
Pay to Mobile is currently only available for iPhone users, but an Android version will follow, said the bank.
Gavin Kelly, head of direct channels at Bank of Ireland, said changing customer preferences combined with technological advances had led to the rapid adoption of direct banking channels.
He added: "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."
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
Related stories:
Qatar Islamic Bank to launch new m-banking app
Bank of Ireland to push circulation of contactless cards
More consumers using M-banking: Fiserv US
