O2 has launched the O2 Wallet in the UK â€“ a mobile payment system that will offer money messaging, shopping comparison and more.
The O2 Wallet will allow people to add their credit and debit cards as well as add pre-pay and ‘send’ money to people.
The app will eventually support NFC, but this is not required at present.
James Le Brocq, Managing Director at O2 Money, said: "O2 Wallet delivers the benefits of mobile money to more UK consumers than any other product or service currently available.
"With O2 Wallet, it’s easier to transfer money, track expenditure and pay swiftly and securely, all using your mobile. We believe it will transform the way people manage their finances and spend money."
"Additional functionality will soon enable consumers to use O2 Wallet to top-up mobile airtime, buy train tickets and make mobile contactless payments via NFC technology.
"We recognise that security is absolutely key. O2 Wallet has been trialled internally for months and has undergone extensive ‘stress-testing’ with security experts.
"In additional to PINs and passwords, all personal details and financial data are held on remote central servers rather than on the mobile device itself.
"This, we believe, is the safest and most secure way to deliver mobile payment services."
The app does not require you to be an O2 subscriber, and supports iOS, Android and BlackBerry OS 6.
Windows Phone support will not be available out of the gate, but O2 told TechRadar they were working on an app for Windows Phone 7 along with tablet editions.