Are payments to phone numbers secure?

Yes, they are just as secure as payments using an account number. You make payments using the bank’s mobile app and confirm them with your fingerprint, PIN code or other authorisation tool. You can also only link a mobile phone to your bank account through the app after you log in. This makes registration secure and trustworthy. The Bank of Latvia maintains the Instant Link registry and saves the links between clients’ phone numbers and IBAN account numbers. This link is confidential, and the information is only available to the Bank of Latvia.

Are you satisfied with the answer?