UK authorities have promised full SMS-banking transfers in 2014

Thu 31 Jan 2013

UK authorities have approved the service on a mobile money transfers between individuals via SMS. Using SMS-banking transfers, the user can attach to the mobile phone number his bank account details. After that, one can transfer money to other citizens, indicating only a mobile number of the recipient. If all goes according to plan, in 2014 the service will be available to 90% of customers of British banks.