[shakna]

> I can also use a bank to send them money, but I have to know their details, which are sensitive information.

PayID [0] was standardised in Australia a while back, standardising what the banks were already doing. At least here, knowing someone's details is something from the past.

A PayID can _only_ receive.

A PayID is a number - not necessarily a phone number you own, but many people opted for that route, but keep the same number even if their phone number does change.

A PayID does reveal the name of the account holder.

Transfer happens as part of Instant Payments, so at it's longest it'll take 60 seconds to arrive in an account, but usually within 2.

PayID is also integrated into Apply Pay and Google's offering.

... Is this still an unsolved thing overseas? I've had instant transfers to friends without knowing their banking details for nearly a decade.

[0] https://payid.com.au/

[vermilingua]

I know, and I use PayID frequently; but it has shortcomings, mostly that nobody seems to know about it. Additionally, PayID only works within Australia, and effectively only to people you know personally (mobile numbers are not typically public information).

I love PayID for what it is, but it could be well improved in my first example, and doesn’t work at all for the latter.