Beat the queues with a mobile wallet!

mobile phone recycle for cash

mobile phone paymentsWhile we all love a good shopping trip, it can be frustrating to get stuck in long queues while people in front of us take their time paying for goods.

Thankfully though, it seems help might be at hand, as Vodafone has announced plans to let people use their smartphones at the checkout rather than cards or money.

In a process similar to Oyster cards in London, the system developed by the telecoms giant will give shoppers the chance to simply wave or tap their smartphone to pay for goods.

The firm has joined forces with Visa to create the new system, which could go live as early as the spring.

Near Field Communications-enabled smartphones will be able to use Visa payWave mobile technology to serve as mobile wallets.

For purchases which involve sums of £15 or more, those using the mobile payments system will need to enter a pin code.

Commenting on the innovation, Vodafone chief executive Vittorio Colao said: "Our mobile wallet will be open to any service provider and we are committed to enable all partners to provide our joint customers the richest service portfolio possible."

Visa said the innovation has "the potential to transform the way people pay and get paid the world over".