Six banks launch payment-to-contact service

Six banks have launched a service that will enable clients to send payments using only a person’s phone number. The payment-to-contact service aims to simplify transactions and reduce errors. Clients who wish to use the service will have to register their phone number with the bank. Two more banks expect to launch the service within the next year. The banks which have already launched the service are Air Bank, Česká spořitelna, ČSOB, Fio banka, Komerční banka and Raiffeisenbank.