The phone number can replace IBAN from next year. European Central Bank (ECB) announced that 2018 wants to launch a system that will link the bank account number of phone users, so that people can pay just by entering the phone number of the recipient.
For the business world, could be a new impetus towards disintermediation since people can make payments and transfers without resorting to the services of connection, for example Paypal.
However, the payments made by telephone are neither we nor revolutionary - even built a similar service PayPal and Square are close to the Americans to come up with their own version in Europe.
But the great concern of central bankers from the ECB is that agglomeration of these services will fracture payment market in the EU and in the end instead that all countries have a single standard would reach more incompatible systems, although perhaps it would have been the best way to preserve competition between them.
