O2 have today released information of their offering in the mobile electronic area, with “O2 Wallet”, they are to release an app for this for various mobile phones. As an O2 customer in the UK, I like this sort of new ideas on how to shop and this look forward to testing out when released.
“O2 today announced the launch of O2 Wallet – a seamless and secure digital wallet service that will deliver the benefits of mobile money to more UK consumers than any other product or service currently available.
O2 Wallet uniquely combines the following functions:
- Money Message – O2 Wallet enables consumers to securely transfer money to any UK mobile phone number as easily as sending a text. Money Messages allow consumers to make daily transfers of between £1 and £500; and will make lending, borrowing or repaying money to friends and family easier than ever.
- Shopping via your mobile – O2 Wallet makes shopping via your mobile a breeze. A comprehensive barcode and search engine function compares the prices of millions of branded goods from more than 100 online retailers. In addition, consumers will enjoy unique daily discounts and deals via the ‘My Offers’ icon. At launch these will include discounts and money-off offers from retailers such as Debenhams, Comet, Sainsbury’s Direct, and Tesco Direct.
- Your phone as your wallet – O2 Wallet enables consumers to digitise their existing debit and credit cards making it quick and easy to pay for things via their mobile. Customers can load money into their O2 Wallet account via one of their debit cards, by receiving a Money Message or with cash at more than 30,000 locations including O2 stores, PayPoint and epay retail outlets. O2 Wallet’s ‘transaction history’ helps consumers keep on top of their expenditure with texts alerts when the account balance changes; a 30-day payment history on the app; and a 12-month history online.
- O2 Money Account Card – O2 Wallet offers both a physical and a virtual O2 Money Account Card. Both are based on a Visa prepaid account making them ideal for customers wanting to manage their finances as they can only spend what they put in. The ‘virtual’ O2 Money Visa Account Card is perfect for online shopping. Consumers can also apply for the physical O2 Money Visa Account Card to pay for things on the high street or withdraw cash from ATMs. This is a contactless card allowing tap-and-go payments at more than 100,000 contactless payment points across the UK; it’s fast, easy and convenient.”
Read the full press release at O2 HERE