Mobile phone operator teams up with MasterCard - Credit cards - News - Moneyfacts

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Mobile phone operator teams up with MasterCard

Mobile phone operator teams up with MasterCard

Category: Credit cards

Updated: 28/08/2012
First Published: 28/08/2012

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Customers of Orange and T-Mobile networks will soon be able to leave their wallets at home and make payments via their mobile phones, following a new 'wave and pay' service.

The new technology will allow customers to make payments with their mobile phones at 100,000 retailers around the UK . The service is also expected to develop further to cater for online and person-to-person transactions.

MasterCard said the deal would help accelerate a move to a "world beyond cash".

Marion King, president of MasterCard UK & Ireland , said: "Our vision is of a world beyond cash and the phone is a key tool to driving this step-change.

"As the sophistication of smartphones continues to evolve, and the mobile payments ecosystem starts to open up, I believe that people will use their mobile phones in lieu of a traditional wallet and start making higher-end purchases, such as white goods or even cars, all through their phones," she said.

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Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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