O2 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.'
Wallet will let users send and receive money, compare prices and shop via their mobile phone. And it will work whether they’re an O2 customer or not.
O2 Wallet lets consumers transfer money using any UK mobile phone number, and it’s as easy as sending a text message. The so-called ‘Money Messages’ allow users to make daily transfers of between £1 and £500, and is designed to make lending, borrowing and repaying money easier.
O2 Wallet has a barcode and search engine function to help shoppers compare prices across millions of goods covering around 100 online retailers. They will also be able to tap daily discounts and deals via the ‘My Offers’ icon.
You can load money onto your O2 Wallet account using your debit card, by receiving a Money Message from someone you know, or by using cash at more than 30,000 participating outlets, including O2 stores, PayPoint and epay outlets.
O2 Wallet will be compatible with iPhones, Android and BlackBerry smartphones, as well as iPads.
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Addendum: (thanks to Conrad for this)
For iPhone App, click here
Caveat Emptor: In 6 months O2 will introduce charges to your account, so that every time you 'send money' you will be billed 15p. For full details, click here.
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