Barclays has unveiled a new PayTag service, offering customers a new way to use their mobile phone to make payments.
A plastic tag that sticks to the back of users' handsets, PayTag acts as an extension to Barclaycard customers' card accounts, allowing them to make payments of up to £15 using their mobile phone - though the figure will rise to £20 in June.
Compatible with all regular wireless payment terminals the technology is currently being offered to a select number of Barclaycard customers, with a wider rollout being forecast later this year.
The technology was unveiled by the chief executive of Barclaycard consumer Europe, David Chan, at an event in London.
Chan descrinbed PayTag as the next step towards ushering in the mobile payments era.
"The move to mobile payments has already begun [...] and as a part of this I'm pleased to announce Barclaycard PayTag," he said.
"Barclaycard is developing a wide range of initiatives which will ultimately enable everyone to enjoy the benefits of mobile payments."
Chan also forecast a marked increase in the number of contactless point-of-sale terminals in the UK, predicting they would double to 150,000 by the end of 2011.
The PayTag system is the latest of several mobile payment initiatives launched by the company in recent months.
Prior to PayTag, Barclaycard unveiled its new Quick Tap wallet service in partnership with Orange.
The firm also recently extended its Pingit payment service that allows mobile phone users to send payments between accounts simply by texting the amount to a contact's phone.
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