Following a series of highly successful trials of its ‘electronic wallet’ technology, O2 is attempting to organise vendors, retailers and banks to overcome barriers for a commercial launch.The ‘electronic wallet’ is a mobile phone handset that uses NFC technology to function as an Oyster card, credit card and even a loyalty card.
The trial, which took place over six months and involved 500 people found that nine out of ten participants were happy to use NFC technology on their mobile phone with 78 per cent saying they would be interested in making near field transactions if available.
Visa and Barclays participated in the trial, but it is rumoured that O2 are keen to involve Mastercard and American Express it is reported that O2 are in negotiations with two further large high street banks.
Link: Pocket-Lint
Advertisement
Related Stories
- Samsung to launch Galaxy Nexus White Feb 7th 2012 at 10:08AM
- iPhone 4S sells 4 million Oct 17th 2011 at 5:14PM
- 62% of iPhone 4 users disappointed with iPhone 4S Oct 14th 2011 at 11:04AM
- O2 to trial free wi-fi VoIP O2 Connect Oct 14th 2011 at 4:30AM
- Google launches Google Wallet Sep 20th 2011 at 3:39AM
- O2 dumps BlackBerry PlayBook Jun 17th 2011 at 8:21AM
- Consumers clueless about NFC 'mobile wallets' Jun 16th 2011 at 8:47AM
- Thieves take down O2 mobile network May 18th 2011 at 12:47AM
- British railway shuns NFC for phone e-tickets May 12th 2011 at 1:22AM
- Smartphone wi-fi 'evil twin' security flaw exposed Apr 27th 2011 at 9:04AM
Follow Follow this article if you would like to receive notifications of updates.
Add a new comment
You need to be logged in to post comments. If you do not have an account then please register.
Comments
0 comments
There are no comments yet, be the first to add one!