Mobile phones to be used as credit cards? - Credit cards - News - Moneyfacts


Mobile phones to be used as credit cards?

Mobile phones to be used as credit cards?

Category: Credit cards

Updated: 10/03/2009
First Published: 10/03/2009

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 It is now over 6 months old so the content may be out of date.

Consumers could soon be paying for goods using mobile phones rather than credit cards, it has emerged.

Orange has announced that it is teaming up with Barclaycard to develop a system that may see customers make payments simply by waving their handset over a reader.

The firms are planning to launch products and services in partnership, aimed at their combined existing customer base of 28 million people.

Chief executive of Barclaycard Antony Jenkins explained that he now expects phones to be used for everyday payments within the next three years.

"Both Barclaycard and Orange have a heritage of innovation and can see how mobile communications and payments can come together for the benefit of our customers," he remarked.

UK payments association Apacs recently noted that changes had been made to allow consumers to carry out credit card comparisons more effectively, with a new format being adopted for the standard summary box.

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 Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Top credit cards for Christmas spending

‘Tis (just about) the season to be jolly, but before all that festive fun begins, chances are you’ve got a bit more shopping to do. But, if you’re turning to credit to fund things, you’ll want to use cards that offer 0% interest deals on purchases.

Spooky reality of high balance transfer fees

Credit card debt is scary at any time of year. While most might assume that opting for the longest deal on offer would save them the most, our data shows some of the longest deals can actually work out to be the most expensive.

Reward credit cards that become ‘pointless’

If you regularly use cards to pay at the till, you may have considered opening a reward credit card to earn points every time you spend. However, not all of these cards are as rewarding as they may seem…