A new payment service has been launched that could eventually link every current account with a phone number.
Paym - pronounced 'pay em' - will be available for 30 million bank customers who will be able to transfer money using their mobile number.
Banks signing up to the new service include Barclays, Halifax, Lloyds and HSBC.
Once more banks register for the scheme later in the year around 40 million people should have access to Paym.
More top news
High street stores con customers by offering "discounts" which offer little to no savings - and may end up costing more, Which? has claimed.
Britain has claimed victory over Germany in a special football match marking 100 years since the near-legendary WWI Christmas truce match.
A new medication derived from cannabis could help reduce seizures in children with severe epilepsy - and is now being trialled in the UK.