May 27, 2012 /
Posted in Borrowing, credit card, Finance, Money, News
You may or may not have noticed but the prevalence of contactless payment options across the UK is steadily on the increase. Barclaycard has announced its latest effort to promote the use of such technology in stores and outlets of various kinds in the shape of what it calls the PayTag system. The idea is that mobile phone users can attach a small PayTag sticker to the back of their handsets and pay in a matter of moments by touching it to a suitably equipped terminal.
The phenomena look set to catch on and its advocates are convinced that the contactless payment systems being introduced will serve to ease congestion within the busier supermarkets and other retail outlets around the country. The American-owned supermarket chain Asda recently became the latest business to opt in on the scheme, which is still in the pilot stage, with 25 of its stores soon to be equipped with PayTag technology.
Asda’s inclusion in the project follows the lead of its great supermarket rival Tesco, and sees it join the likes o...
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