Credit cards Updated:
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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