UK is jumping onto the mobile payment bandwagon, accordint to Chris Partridge from the Observer. The story talks about how phone users in the UK will soon be able to make payments through their phone. These phones will have the same security as chip and pin cards, in addition to the contactless communication system used in transport for London’s Oyster Travel Card. The phone will record every transaction made, all balances will be made available to view at all times and in case of loss or theft, the phone can be immobilized remotely. Read the entire article here. Barclaycard is to run a trial of this new mobile currency, on the back of its new contactless card launched in September, One Pulse.
Filed under: E Payments, Finance, Future, Technology
