Have a quick read of this post from Emily over at Textually. I quote the key explanatory bit here:
UK mobile users will be able to send and receive money by sharing only their phone number by Spring 2014, the Payments Council has said, reports the BBC.
via textually.org: Payments by text message service to launch in UK in Spring 2014.
ABSOLUTELY flipping shocking.
It feels like EVERYONE else on the planet has had this functionality for what feels like DECADES and we’re now getting it here in the UK. WHERE SMS was FLIPPING invented.
NO, WAIT! THERE’S ANOTHER FLIPPING FRACKING YEAR TO GO before it’s actually launched.
FARMERS IN FLIPPING FIELDS IN FLIPPING AFRICA can do this. And yet our creaking, aching, rubbishy slow mobile and banking industries couldn’t work it out — CAN’T work it out — until twenty-bloddy-fourteen?
Significantly unimpressed of Hampshire