Britain’s first mobile payment service

As of tomorrow, shoppers will be able to make small payments at 50,000 retail outlets using their mobile phones. Britons can now begin to benefit from a service already available in some developing countries and Asia, where shoppers routinely use smartphones in place of credit cards.

The service will not only provide a boost for the makers of the electronic chip that enables contact-less payment but also the mobile payment service providers Orange and Barclays.

This summer Google, MasterCard, Citigroup, First Data and Sprint will make a similar service available in New York and San Francisco.

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