Barclaycard and Orange to work together
Published: 9 March 2009 By MoneyhighStreet Staff Leave a Comment
Barclaycard and Orange have announced they are to jointly develop more convenient, simpler and faster ways to pay for goods.
The plan is to develop a range of mobile, financial and payment services that will revolutionise the way we pay for things, taking a leap forward from the plastic cards introduced over 40 years ago.
The mobile phone will be used by customers to pay for goods and services using contactless payments technology, meaning the mobile phone simply has to be waived in front of a reader to make a payment.
CEO of Orange UK, Tom Alexander, said ‘The mobile industry is being looked to more and more by companies wanting to evolve the way they do business with their customers, and a key part of our strategy at Orange is to grow and evolve our business in order to provide people with services beyond talk and text.’
He added ‘This new partnership with Barclaycard is at the forefront of that kind of thinking, and our customers will benefit from the leading-edge technology that both Orange and Barclaycard can provide.’
As well as contactless payments, the intention is for Barclaycard and Orange to develop other services to help customers keep control of their finances on the move, including new banking applications, servicing capabilities and market-leading mobile alerts.
Barclaycard now has over 1.5 million contactless enabled cards issued. It’s anticipated this figure will rise to 6 million by the end of this year, including Barclays debit cards.
This along with around 10,000 contactless terminals installed at retail outlets makes for increasingly easy payment on all transactions of £10 and under.