mPay, which allows users to send up to £250 a day on their mobile phones using only phone numbers and without disclosing banking details, is already available to 30 million British Customers–those who bank with Barclays, Bank of Scotland, Halifax, HSBC, Lloyds, Santander or TSB.
Another 20 million customers however, mostly those of the Nationwide Building Society, will not have access to the system until 2015. The 13 million customers of RBS, NatWest, Ulster Bank, First Direct, Clydesdale and Yorkshire banks will be able to use the service later this year.
However, speed of access may not matter all that much, since users seems tepid on adopting the service. 47 percent of potential users polled said they did not plan to use mPay at all, mainly due to security concerns.
“It’s clear that the banking industry has a job to do educate many of them that mobile payments are a safe and consumer-friendly development,” said David Black of Consumer Intelligence reports the BBC.