Tag: mobile payments

O2 launches mobile wallet app

O2 launches mobile wallet app

Mobile operator O2 has become the latest entrant in the mobile payments market with the launch of a new app. The O2 Wallet app, which allows users to transfer up to £500 via text message, follows the launch of a similar service, Pingit, by Barclays. Barclays’ free ‘Pingit’ app allows the bank’s UK current account [...]

April 26, 2012 | 0 Comments More
Younger generation shunning credit cards

Younger generation shunning credit cards

Consumers are shunning credit cards in favour of debit cards, digital payment and payday loans, according to a new report from PricewaterhouseCoopers (PwC). Although UK households paid off some unsecured debts in 2011, the average debt was around £7,900 at the end of the year. The Ernst & Young Item Club has also reported a [...]

February 6, 2012 | 0 Comments More