Until now, making payments required first direct customers to launch their banking app or login to online banking and enter the transaction details.
Now, PayKey’s technology means that they can make a secure P2P payment while still in any messaging app where the phone’s keyboard is used.
To make a payment, users tap an fdpay icon on their phone’s keyboard and are authenticated via the app before making a payment tapping the UK banking industry’s Paym service which uses the recipient’s phone number. Immediate payments up to £350 a day possible.
