Barclay's PayTag sticker makes any phone a NFC credit card

News Sean Fallon 03:06, Apr 20 2012

The Barclaycard PayTag is a sticker that turns any phone into a digital wallet

UK-based Barclays has announced the release of the Barclaycard PayTag, a sticker that can be placed on the back of any handset to turn it into an NFC-ready digital wallet. 

The card is free to Barclaycard owners and can initially be used to make purchases of £15 ($24) with the limit rising to £20 ($32) this June, BGR reports.  

David Chan, CEO of Barclaycard Consumer Europe, said: “Today, we are offering the choice of mobile payments to millions of our customers at no additional cost to them. More than half of us say that the item we’re most lost without is our mobile phone[1], so we’re giving people the option of using them to make easy, convenient, everyday payments without the need to upgrade their current handset.”

It seems as though the PayTag is sort of the evolution of the credit card keychain fob, and a rather elegant solution to bridging the gap while handset makers make more and more devices with NFC chips

For those of us in the states, it appears that Citi has had a similar product out for a while now called the Payment Tag that can be used with point-of-sale machines with MasterCard PayPass readers. Hopefully, other banks will follow suit and help give NFC the push it needs for widespread adoption. 

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