Everything Everywhere, the company formed from the union of Orange and T-Mobile, plans on launching a Near Field Communications (NFC) payments service in the UK this summer.
The company is to partner with Barclaycard to allow users to make payments at retail outlets by simply swiping a NFC chip equipped device.
According to Expert Reviews, Barclaycard currently has 42,000 NFC-enabled readers at various retail outlets across the country, including Little Chef and Co-op.
Everything Everywhere said that the NFC transactions will be secured by SIM card authentication, while the payments themselves will be processed by MasterCard PayPass. In order to gain access to the NFC service, users will need a new SIM and a NFC enabled smartphone.
Gerry McQuade, chief development officer of Everything Everywhere, said in a statement that “This is the beginning of a revolution in how we pay for things on the high street. It’s a cultural shift that is as important as the launch of the personal credit card or ATMs.”