Friday, May 20, 2011

BBC News - Mobile wallet offered to UK shoppers

BBC News - Mobile wallet offered to UK shoppers

Watch: Rory Cellan-Jones demonstrates how it can work

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The first service that allows users to pay for purchases via their mobile phone has been launched in the UK.

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.

The idea of the mobile wallet is gaining popularity around Europe.

Motorway toll

The service is made possible by Near Field Communication (NFC), the short-range wireless technology that underpins many wireless payment systems.

Quick Tap is a collaboration between Orange and Barclaycard. It will require a NFC-enabled Samsung Tocco Lite handset, which also goes on sale on Friday.

Start Quote

Mobile money looks like a useful addition to the way we handle our finances, rather than a necessity”

Rory Cellan-JonesTechnology Correspondent

Only purchases up to a value of £15 can be made using the service but users can preload their mobile with up to £100.

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