Orange and Barclaycard Form Strategic Partnership To Bring Mobile Payments To Millions
09 Mar 2009 15:35
Communication and banking giants to jointly develop new technology that will revolutionise the way people pay on the high street and web
The launch of new products and services will allow customers to use their mobile to pay and stay in better control of their finances
Combined customer base of 28 million to benefit from new plans
London. 9th March 2009. Orange and Barclaycard today announced a long term strategic partnership to develop a range of mobile, financial and payment services that will change the way we pay.
Orange and Barclaycard will launch new co-branded products and services to make the buying process more convenient, simpler and faster. With a history of innovation and a combined customer base of more than 28 million, Orange and Barclaycard believe this will be the biggest revolution in payments since plastic cards were introduced over 40 years ago.
Customers will be able to use their mobiles to pay for goods and services at retailers using contactless technology; by simply waving their handset against a reader. Both companies will be looking to expand the partnership to include other contactless services within ticketing, transport and rewards. MasterCard will provide the payment capabilities for the transactions.
The partnership between Barclaycard and Orange will also enable market-leading mobile alerts, servicing capabilities and new banking applications, all of which will help customers keep in control of their finances while on the move.
Over the next few months customers will start to see the benefits of the partnership with a host of marketing opportunities currently being finalised by Orange and Barclaycard.
Notes to Editors:
The mobile contactless services being developed by Barclaycard and Orange will use Near-Field Communications (NFC) - or contactless – technology. Barclaycard has been a leader in contactless technology in the UK, and now has more than 1.5 million contactless enabled cards in issue – with this number expected to reach 6 million, including Barclays debit cards, by the end of 2009 - and will soon have at least 10,000 contactless terminals installed at retail outlets. With Barclaycard contactless terminals installed, retailers are able to offer their customers a fast and convenient method of payment on all transactions of £10 and under. Cardholders simply need to touch their card against the reader instead of entering a PIN or signature. Orange is a pioneer in mobile payment technology and since 2005, has completed a number of successful mobile contactless trials in France, Spain and the UK. This strategic agreement with Barclaycard in the UK demonstrates Orange’s continued leadership in innovation and industry collaboration to help customers get more out of their mobile phones. For more information on Orange’s innovation in NFC please visit: www.orange.com/en_EN/innovation/develop/nfc
Barclaycard, part of Barclays Global and Retail Banking division, is a leading global payment business which understands the needs of both purchasers and sellers. It enables retailers and merchants to accept cards, helps customers make payments through card, contactless and mobile applications as well as extending credit to consumers. The company is one of the pioneers of new forms of payments and is at the forefront of developing viable contactless and mobile payment schemes for today and cutting edge forms of payment for the future. It also issues credit and charge cards to corporate customers and the UK Government. Barclaycard partners with a wide range of organisations across the globe to offer their customers or members payment options and credit. In addition to the UK, Barclaycard operates in the United States, Europe and Africa.
Key facts published in February 2010;
- number of UK customers: 10.4m
- number of International customers: 10.8m
- number of retailer/merchant relationships: 87,000.