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

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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

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 It is now over 6 months old so the content may be out of date.

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 Any products featured may be withdrawn by their provider or changed at any time.

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