No Need For A Wallet By 2016 Says Paypal
What Do You Think About This New Way To Pay Asks Greengates Builders Merchants Accrington, Lancashire.
Paypal unveils new app that lets you pay in shops direct from any smartphone - and predicts 'you won't need a wallet by 2016'
No personal or financial information is stored on the phone - and the app is locked with a PIN code, so if a phone is stolen, it's useless.
The app can also be used to issue refunds, with the barcodes stored in the phone, and able to be brought back to the store for a refund.
The service was launched nationally on 31st May and will be available in 230 stores. To begin with the app will only work in fashion chains Coast, Oasis and Warehouse as well as Karen Millen.
PayPal trialled the scheme using an iPhone-only version that worked in Pizza Express.
Cameron McLean, Managing Director, PayPal UK, said, this marks the start of a quiet revolution in the way we shop on the high street. We've created a simple, secure way to use a mobile phone to pay in your favourite stores.
'The lines between the online world and high street will soon disappear altogether: research we carried out last year amongst major retailers suggested that 2016 will be the year you won’t need a wallet to shop on the British high street. A phone will be enough.
How good it works in practice is yet to be seen but it sounds like a very good idea. No more queuing at the cash point says Greengates Builders Merchants Accrington, Lancashire.