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U.K. bank NatWest launches international money transfers via mobile phones
December 21, 2008
LONDON — NatWest now allows its Polish Welcome Account customers to send money back to Poland using mobile devices. The introduction of commission-free international mobile-phone payment transfers between customer accounts in the United Kingdom and PKO BP accounts in Poland is a first for a U.K. bank, NatWest says.
Research shows that the Polish community in the U.K. sends home £1 billion each year. And NatWest expects to extend the service to other countries as well.
"Mobile phone banking is the fastest growing banking channel in the world, and NatWest is committed to being at the forefront of this exciting phenomenon," said Roy Vella, group director of NatWest.
To make a money transfer, customers use the NatWest Mobile Phone Banking service on their mobile phones. Customers can sign up for the service using a secure Web site. The international money transfer service is automatically available, once the customer has completed the enrollment and security process.
The service is provided in association with Monilink, which provides mobile-banking services.
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