Barclaycard PayTag allows users to virtually pay with any handheld device using a contactless payment terminal.
Barclaycard, part of Barclays Retail and Business Banking, is a leading global payment business that is at the forefront of developing viable contactless and mobile payment methods. The company has recently introduced its stick-on credit card called PayTag, which allows users to make payments with their mobile phones. The Barclaycard PayTag is essentially an extension of a customer’s credit card account. Once attached to the device, it can be used to make payments of £15 and under, rising to £20 in June, by simply being held over a contactless payment terminal. Available to only Barclaycard Visa cardholders, the PayTag is reloadable online via Barclaycard’s mobile payments application — the Quick Tap wallet.
David Chan, CEO of Barclaycard Consumer Europe, said of the new technology:
Today, we are offering the choice of mobile payments to millions of our customers at no additional cost to them. More than half of us say that the item we’re most lost without is our mobile phone, so we’re giving people the option of using them to make easy, convenient, everyday payments without the need to upgrade their current handset.
The mobile application is currently only available to Barclays customers in Europe.