Orange UK and Barclaycard introduce a new mobile payment system which is claimed to be the biggest evolution in terms of payment after the introduction of plastic cards, 40 years ago.
This new system will enable the customers to make payments through their handsets at the retailers by waving their handset against a reader. The two firms intend to widen their service to ticketing, transport and rewards.
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Tom Alexander, Chief Executive of Orange UK, said, “Today you pay for things by cash or on your credit card. Tomorrow, you’ll use your mobile to buy the things you want, whether that’s on the high street or the internet.”
Antony Jenkins, CEO of Barclaycard, said, “There has been a lot of talk about mobile payments and now it’s going to become a reality for our customers.”
Source: Wireless Federation.