CHESTER, England--(BUSINESS WIRE)--Credit card expert MBNA has announced that it will be amongst the first to bring Google’s Android Pay to its customers as the countdown to its UK launch, scheduled for later in 2016, begins.
UK contactless spend increased steeply in 2015, more than trebling to reach £7.75 billion. With nearly one in eight card transactions now using contactless technology*, Android Pay will be the latest option for tech-savvy consumers who are forgoing not only cash but cards in favour of mobile wallet payment methods.
Android Pay will enable Android mobile users to seamlessly tap and pay with their phones at almost 460,000 payment terminals in UK shops, with more locations being added every day. It can also be used to make purchases in supported Android apps.
MBNA CEO Ian O’Doherty said: “Our customers have been active early adopters of contactless payment. Again, they have a head start in accessing new payment technology as we join the first wave of card providers offering Android Pay in the UK, giving our customers greater choice and convenience in how they pay.
“With more mobile wallet options becoming available, more card issuers participating and more merchants updating their payment terminals, it’s an exciting time as we see consumer confidence in contactless payment growing.”
On Android Pay’s UK launch, which follows its United States launch in September 2015, the Android Pay app will be downloadable from Google Play. Eligible credit and debit cards can then be added simply by using the camera in the app to capture card info, or by entering card details manually.
*Source: The UK Cards Association http://www.theukcardsassociation.org.uk/news/CESDec2015.asp
Notes for Editors
Who can use Android Pay
Android Pay is compatible with any Android powered devices running KitKat 4.4 (launched 2013) with NFC and HCE capabilities
MBNA – driving the move to mobile
MBNA was an early pioneer of contactless payment technology. One hundred percent of its cards have been contactless payment-enabled since 2013.MBNA has been among the first to invest in “mobile wallets” for its customers.MBNA broke new ground with an eligibility checker that doesn’t impact applicants’ credit scores.MBNA was early to introduce a PIN-display feature in its online card service.uSwitch (http://www.uswitch.com/blog/2015/05/20/2015-uswitch-credit-card-awards/) customers have voted MBNA the best credit card app on the market.
What you see is what you get
MBNA provides only unsecured* consumer credit – no more, no less. It won’t try to sell you other products. MBNA is entirely based in the UK and primarily serves UK-based customers. MBNA has no branches. The majority of its customers apply for and service their accounts online. MBNA and its employees play a key role in the community, providing grants, volunteering, financial advice.
* Examples of secured credit would be a mortgage or a car loan.
The changing ways to pay
What will the future of money look like? Will we be walletless in the next decade? And will cash be a thing of the past? https://www.mbna.co.uk/news/cashless-society-future-of-wallets/. Money: 2000 to Today. The direction of post-millennium payments was decided in a battle of big named companies. See how our money moved from 2000 to today. https://www.mbna.co.uk/news/cashless-society-post-millennium-money/. The Way we used to Pay. Paying by cash, card or cheque? Try cows, corn and cardboard credit cards. Take a look at the way we used to pay. https://www.mbna.co.uk/news/cashless-society-history-of-money/.
MBNA Limited (https://www.mbna.co.uk/) is a wholly owned subsidiary of Bank of America Corporation (NYSE: BAC). It is one of the UK’s leading credit card providers and was voted Credit Card Provider of the Year for the third year running in the Consumer Moneyfacts Awards 2016. MBNA is committed to implementing innovations to make life easier for our customers. Headquartered in Chester for over 20 years, the company has a long history of investing in its local community.
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