PayID is a simple new service that makes sending and receiving money from your bank account a little bit easier. You create your PayID by choosing something easy to remember, like a phone number, and registering it with your bank who will securely link it to your chosen account. Then to get paid, you simply share your PayID.
How to register:
Your bank will contact you to let you know when you can register a PayID. It’s important to remember that you will only create a PayID within your usual mobile or internet banking.