BoV CEO Charles Borg said that BOV Mobile Pay is one of the services that the bank will be offering through the mobile channel making person to person payments from the mobile phone a really convenient and simple process.

"It will become easier and much simpler to pay someone else using BOV Mobile Pay than to exchange cash or write a cheque," Borg added.

BOV Mobile, part of the bank’s multi-year, multi-channel banking strategy, is available across a range of Apple iPhone and Android smartphones and tablets and can be accessed across the globe, using 3G or WiFi.

The BOV Mobile app is available free for download from the Apple App Store and from Google Play, formerly known as the Android Market.

The new service allows customers to make mobile payments through BOV Mobile Pay, check the balances on any of their registered accounts, view the transaction history on their registered accounts, transfer funds between own accounts, pay bills and authorize transactions created on other BOV 24×7 channels.