Even for low-price purchases, a new generation of mobiles could eventually mean the end for coins and notes.
This article titled “Mobile phones bring the cashless society closer” was written by Miles Brignall, for The Guardian on Friday 27th May 2011 23.01 UTC
Get ready to start paying for sandwiches, magazines and pints down the pub with nothing more than a swipe of your mobile phone as a payment revolution hits Britain’s high streets.
The idea is that your mobile phone will be embedded with a chip that contains your credit and debit card details. For low-value items, selling for no more than £15, all you will have to do is wave the phone in front of the shop’s sales terminal. For higher priced goods, you’ll have to punch a pin number into the phone as well.