- Britons pay nearly £100 a month for football, book clubs and other activities but nearly two thirds (61%) of group organisers are left chasing payments
- Football is the most popular group activity – Paym announces partnership with Lucozade Powerleague to help teammates split the bill
Selfless team captains and social secretaries are being left out of pocket across the country, with over half of organisers (61%) left chasing late payments according to new research from Paym, the easy way to pay friends and family using a mobile number.
Almost 4 in 10 Britons (39%) take part in some form of club or society, spending a typical £1,182 each per year, with football the most popular activity for men and book clubs having the highest female participation. Yet this thriving social scene is being put a risk due to the headaches faced by the people freely giving up their time to organise things – only one in eight people (13%) say they currently organise a group, compared to one in three (33%) who have done so in the past.
Chasing up payments could be the last straw for these organisers, as they also feel the pressure on their free time (29%) and struggle to meet popular demand from those wanting to join (17%).
|Not all fun and games…
Top non-financial headaches for organisers
|It takes too much time||29%|
|Not enough people commit to run the club / society||24%|
|It was hard to find a time that suited everyone||21%|
|Suitable (and affordable) venues were hard to find||20%|
|More people wanted to join than we had space for||17%|
Simply forgetting to pay is admitted by one in 10 (10%) people who pay for a group activity, while a further two in 10 (19%) say they regularly have to stump up for someone else that has forgotten to pay their share on time.
Craig Tillotson, Managing Director of Paym, said:
“Millions of people across the country give up their time to organise group activities from football to book clubs, and chasing up payments can be very time consuming. Paym can help as it makes it possible to pay someone using just their mobile number – what could be easier when you need to pay your share of pitch fees for football or into the kitty for the book club?”
With football ranked the most popular group activity in the country, Paym has teamed up with Lucozade Powerleague, the biggest 5-a-side football league in the country to boot out excuses for not paying teammates on time for pitch bookings or post-match pints.
Caspar Nelson, Brand Director, Lucozade Powerleague:
“Nothing beats a bit of five-a-side with your mates – so it’s no surprise it’s the country’s most popular and fastest growing sport. Yet none of it would be possible without the people who organise the games, so we’re delighted to team up with Paym to tackle the tricky wingers that don’t stump up their share of the subs on time – what could be easier than sending your mate money using their mobile number?”
More than 90 per cent of UK current account holders can register for Paym with their bank or building society and receive money straight into their account securely using their mobile number – no sort codes or account numbers needed. Sending money is easy too, customers just use their bank’s usual secure app to select a friend’s mobile number from their contacts and confirm the payment to be sent straight away.
Since Paym launched in April 2014, over 3 million people have registered their mobile number with one of the 17 participating banks and building societies, with almost £75m sent.
The demand for club organisers only looks set to increase next year, as half (51%) of people surveyed tempted to start a new activity, with film and book clubs topping the list, followed by swimming, languages and dance. The key reasons given for joining a club are to meet new people (38%), relax (36%), stimulate the mind (34%), or learn something new (29%).
For organisers looking to set up their 2016 club now, visit paym.co.uk to find out how to make chasing payments a thing of the past.
What is Paym?
- It’s a simple, secure way to send and receive payments directly to a current account using just a mobile number.
- Paym means there is no need to ask for other people’s sort code or account numbers, or to tell them yours.
- Anyone using Paym to send money is able to check the name of the recipient before confirming the payment, so they can be sure they’re sending it to the right place.
- More than 40 million customers are now able to register for Paym – representing over nine out of 10 current accounts. Customers of Bank of Scotland, Barclays, Clydesdale Bank, Cumberland Building Society, Danske Bank, first direct, Halifax, HSBC, Isle of Man Bank, Lloyds Bank, Nationwide Building Society, NatWest, Santander, TSB, Ulster Bank and Yorkshire Bank are able to send and receive Paym payments. RBS customers are able to receive Paym payments with the ability to send payments coming soon for these customers.
To download a copy of this press release please click here.
Notes to Editors:
Paym conducted a national representative survey of 2,002 UK adults from 16th – 20th October 2015 in partnership with independent research agency, Opinium. 8% of male respondents took part in football clubs in 2015, with 4% of female respondents participating in a book club.
- Payments made through the service are made at the same speeds as existing current account, online, and mobile payment services via Faster Payments or LINK
- The Paym service is currently free to use for personal customers of all participating account providers, although any usual banking, internet and mobile data charges that customers already pay will still apply. Pricing is a competitive decision for each participating bank and building society, so it is important to contact them directly or check account terms and conditions for full details.
- Money is transferred using the same systems already used to transfer account funds, Faster Payments and LINK, so the service benefits from the same high level of legal protection as existing electronic payments, through the Payment Services Regulations.
- The service has security measures such as password activation, mobile number verification and confirmation requests as standard, and participating banks and building societies have all signed up to a security code of conduct to protect the service from fraudulent activity.
- Paym is run by the Mobile Payments Service Company Limited (MPSCo), a company limited by guarantee. The participants in MPSCo are made up of the Payment Service Providers that offer the Paym service directly to their customers.
- Paym is a trademark, registered with the Intellectual Property Office (IPO). Pronounced “Pay Em”, the name should be written as Paym, with a capital ‘P’, lower case ‘m’ and no space.
About Lucozade Powerleague
- Powerleague was acquired by Patron Capital Partners in late 2009.
- Powerleague is the UK’s largest premier five-a-side football centre operator.
- Powerleague centres have over 8 million customer visits per annum.
- Powerleague provides over 500 divisions around the country and over 5,000 league teams
- Its portfolio of 48 sites includes the 23 pitch Old Trafford Soccerdome, the largest five-a-side football centre in the world.
- Powerleague provides state-of-the-art facilities ideally suited to corporate hospitality events which can be heavily branded to suit sponsorship partners.
- Further information on Lucozade Powerleague is available at www.powerleague.co.uk
About Lucozade Powerleague and the Paym competition
Paym is giving one lucky Lucozade Powerleague Twitter or Facebook follower the opportunity to win a pair of Beats by Dr. Dre Headphones. To be in with a chance winning followers simply have to follow @powerleagueUK and retweet the competition post. Follow @powerleagueUK to find out more. Terms and Conditions Apply.