Barclaycard has today launched a new contactless card called the Barclaycard PayTag.
Millions of Barclaycard credit card customers will be offered the chance to make payments by simply sticking a Barclaycard PayTag to the back of their handset. This means that your phone doesn’t need to be capable of NFC (near-field communications) technology, rather it’s a way of making sure that your contactless card is always to hand.
Barclaycard PayTag is an extension of a customer’s credit card account. At a third of the size of a normal credit card, it is 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 being held over a contactless payment terminal.
Major retailers on-board
Visa predicts that the number of contactless point-of-sale terminals is set to grow by 50% in the UK this year, to 150,000.
Major retailers such as Waitrose, Tesco, Boots, WH Smith and McDonalds, have already signed up to offer the service, while London buses and the Tube will also accept contactless payments by 2013.
No need to upgrade your handset
Barclaycard Consumer Europe CEO David Chan said: ‘Today, 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.
‘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.’
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