Are You Ready To Make Payments With Smartphones?
Although the competition is stiff in the mobile app market, the Barclays team is confident that their solution will be well accepted among the masses. After successfully launching the Pingit payments app, the company has now introduced contact-less payments to Barclaycard, the first credit card in Europe.
Who Will Benefit From The Free PayTag Sticker?
There are about 12 million users of Visa Barclaycards situated across four continents, who can now look forward to PayTag to make their life simpler. The PayTag is a free sticker which enables credit card users to make contactless transactions via smartphone at over 100,000 terminals.
PayTag is exclusively available to Barclaycard Visa cardholders. This incredible mobile app allows customers to make payments online via mobile phone by just attaching a PayTag at the back of their cell phone.
What Can You Do With PayTag?
The PayTag sticker intends to make your smartphone more useful for shopping, especially for making small purchases. With this, it would boost the reach of Near Field Communication service that the financial institute operates in partnership with Orange.
David Chan, the CEO of Barclaycard Consumer in the UK said that with PayTag, they aim to provide the option of mobile payments to their millions of customers at no extra cost.
Mr. Chan further said that the one thing most of us feel lost without is our mobile phone, and the Barclaycard team wants to give people the opportunity of using their smartphone to make convenient and hassle-free payments without having to upgrade their phone.
What Does The Future Hold For Mobile Payments?
With introduction of PayTag sticker, Visa predicts that the figure for contactless selling point terminals in Europe will rise by 50% this year.
Mr. Chan also revealed that there will be more companies coming into the mobile payments picture and introducing contactless solutions, such as the like of Tesco and Asda.
Barclaycard’s Head of Digital Payments, Tom Gregory, has confirmed that the PayTag system will have a restricted shelf life, with the objective of being completely integrated into all types of mobile handsets.
PayTag doesn't need any pin code for transactions, but it comes with a foolproof fraud protection system and the guarantee of a refund for anyone who loses a card that is misused by someone other than the owner.