May 10, 2012, 1:25 pm -- /EPR NETWORK/ -- Barclaycard has announced the launch of Barclaycard PayTag, a new way to pay with a mobile phone. Millions of Barclaycard customers will be offered the chance to make payments with any mobile phone by simply sticking a Barclaycard PayTag to the back of their handset.
Available at no cost, and exclusively to Barclaycard Visa cardholders, Barclaycard PayTag is an extension of a customer's credit card account. At a third of the size of a normal card, the credit card stickers can be discreetly stuck to the back of any mobile phone. Once attached, it can be used to make payments of £15 and under, rising to £20 in June, by simply being held over a contactless payment terminal.
David Chan, CEO of Barclaycard Consumer Europe, said: "We are offering the choice of mobile payments to millions of our customers at no additional cost to them. More than half of us say that the item we're most lost without is our mobile phone*, so we're giving people the option of using them to make easy, convenient, everyday payments without the need to upgrade their current handset."
The announcement comes as Visa predicts that the number of contactless point-of-sale terminals in the UK will rise by 50% to 150,000 in 2012. Major retailers that offer, or are introducing, contactless include Waitrose, McDonalds, Boots, WH Smith and Tesco. By the end of 2012, London buses will also accept contactless payments, followed by the Tube and the rest of the transport network in the Capital in 2013.
Barclaycard PayTag is safe and secure, and comes with the same 100% fraud protection as any Barclaycard. An exclusive group of customers will be invited to receive their Barclaycard PayTag in the coming weeks, before they are offered to millions of Barclaycard customers later in the year.
David Chan, added: "Barclaycard is developing a wide range of initiatives which will ultimately enable everyone to enjoy the benefits of mobile payments. Barclaycard PayTag is another milestone on our journey to make paying easier, and sits alongside other easy ways to pay with your mobile such as those we offer in partnership with Orange."
Barclaycard and Orange announced that credit or debit card holders from all UK banks would be able to load money onto Barclaycard's mobile payments application, in the Quick Tap wallet. This will open up the opportunity for contactless payments to more Orange customers. Orange also confirmed that it would be making Quick Tap available on a range of Android smartphones, with the first to be announced in the coming weeks.
Research carried out on Barclaycard’s behalf predicts that £3 billion worth of purchases will be made with mobile phones in the UK in 2016**. Barclaycard PayTag provides customers with the choice of simple mobile phone payments now, without having to wait to upgrade, and at no additional cost.
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Notes to Editors:
* 56% said that the item they are most lost without is their mobile. YouGov poll of 2,085 UK consumers between 5 -10 April 2012
** Ernst and Young, 2012. Research commissioned by Barclaycard
Barclaycard, part of Barclays Retail and Business Banking, is a leading global payment business which helps consumers, retailers and businesses to make and accept payments flexibly, and to access short-term credit when needed.
The company is one of the pioneers of new forms of payments and is at the forefront of developing viable contactless and mobile payment schemes for today and cutting edge forms of payment for the future. It also issues credit and charge cards to corporate customers and the UK Government.
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