Saturday, May 21, 2011

Contactless mobile wallet service launched in UK

Mobile wallet service that allows users to pay their purchases via their mobile phone has been launched in the UK.
Near Field Communication (NFC), the short-range wireless technology that underpins many wireless payment systems has made the service possible.
Among shops signed up to the system are McDonalds, EAT, Pret-a-Manger and some Boots stores.
Users wishing to use the system - dubbed 'Quick Tap' - will need Orange and Barclaycard accounts as well as a handset set up for contactless payments.
'Quick Tap' is a collaboration between Orange and Barclaycard. It will require a NFC-enabled Samsung Tocco Lite handset, which also went on sale on Friday.
Only purchases up to a value of 15pounds can be made using the service but users can preload their mobile with up to 100 pounds.
"Having a wallet on my phone has made it much more convenient to make purchases on the move and I like that it allows me to keep track of what I'm spending as I go," the BBC quoted David Chan, chief executive of Barclaycard Consumer, as saying.
Vice president of Orange Pippa Dunn added, "It is going to start a revolution in the way we pay for things on the high street."

Source: ANI

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