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In Estonia, you can link a phone number to your IBAN. When making payments, the sender just needs a phone number, and the corresponding IBAN is automatically lo
by jlmb 4y ago
In Estonia, you can link a phone number to your IBAN. When making payments, the sender just needs a phone number, and the corresponding IBAN is automatically looked up. (The lookup service is managed by the central bank, and used by all (major) banks.)
- Etheryte 4y agoI don't think I've seen this, do you have a link to learn more?
- jlmb 4y agoIt's apparently called “proxy payment”: https://www.lhv.ee/en/proxypayment https://www.lhv.ee/en/proxypayment
- phoe-krk 4y agoSame in Poland, thanks to BLIK payments. Works across all major banks. https://iko.pkobp.pl/iko_en/features/mobile-transfer/ https://iko.pkobp.pl/iko_en/features/mobile-transfer/
- benhurmarcel 4y agoThere's a similar system in several country (Spain as well for example, called Bizum). It's a shame that it's not a Europe-wide system.
- giancarlostoro 4y agoWe have that here for Zelle, which is built-in to some banking apps, making it really easy for most people to achieve this. You can alternatively give them a name or email as well. Zelle is not perfect but I have used it often just because it is built-in to my banking. I just wish I could have multiple bank accounts hooked up to it properly, not sure how to sort that out.
- fabatka 4y agoThe same exists in Spain (albeit with limits per month), it's called Bizum: https://bizum.es/en/about-us/ https://bizum.es/en/about-us/