One in five mobiles to replace debit cards in three years

Smartphones to offer contactless payment

Smartphones to offer contactless payment

Experts are predicting that one in five mobile phones will be capable contactless payment technology in the next three years.

20% of phones will be able to replace your debit card in three years time, reducing the number of things you take to the shops with you.

At the moment the technology isn’t available in phones to pay wirelessly for anything in the shops, but Juniper, a market analyst, believes the technology will be available in 300 million phones in the next three years.

The technology is already installed on some phones, the Samsung Google Nexus S being an example, but no UK retailer currently has the technology to support the payments.

Howard Wilcox of Juniper said, “Although there are still hurdles ahead, NFC prospects have been boosted by the succession of mobile operator and device vendor announcements.”

Orange is expected to roll out contactless payment technology later in the year with other networks expected to follow suit soon after.

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