Developed in Sweden, Quixter is a biometric system that allows consumers to make transactions in just a few seconds. It determines a user's ID by reading the vein patterns in their palm -- all consumers need to do is to hold their hand over the device after entering the last four digits of their phone number.
Companies changing how we pay -- Quixter —
Developed in Sweden, Quixter is a biometric system that allows consumers to make transactions in just a few seconds. It determines a user's ID by reading the vein patterns in their palm -- all consumers need to do is to hold their hand over the device after entering the last four digits of their phone number.
Kalle Elmér
Barclaycard's bPay wristband is a wearable contactless payment device that allows users to make purchases for items costing up to £20. It can be used at more than 300,000 locations across the UK, including in shops, bars, cafes and on public transport.
Barclaycard bPay —
Barclaycard's bPay wristband is a wearable contactless payment device that allows users to make purchases for items costing up to £20. It can be used at more than 300,000 locations across the UK, including in shops, bars, cafes and on public transport.
Barclaycard
Digital communications company EE announced earlier this month that its customers can use their mobile phone to pay for travel on London's bus network. "This is important," says Luke Edwards, news editor at <a href="index.php?page=&url=http%3A%2F%2Fwww.pocket-lint.com%2F" target="_blank" target="_blank">Pocket-Lint</a>, "as it's through the network making it easily accessible to those that might otherwise be tech beginners."
EE Cash on Tap —
Digital communications company EE announced earlier this month that its customers can use their mobile phone to pay for travel on London's bus network. "This is important," says Luke Edwards, news editor at Pocket-Lint, "as it's through the network making it easily accessible to those that might otherwise be tech beginners."
EE
Unveiled in 2011, Google Wallet is a mobile payment app that aims to replace your physical wallet. It can store your credit cards and gift cards all into your phone. "Google Wallet is big in the U.S. but still needs to make a move on the rest of the world," says Edwards.
Google Wallet —
Unveiled in 2011, Google Wallet is a mobile payment app that aims to replace your physical wallet. It can store your credit cards and gift cards all into your phone. "Google Wallet is big in the U.S. but still needs to make a move on the rest of the world," says Edwards.
Google
Visa payWave for Mobile is another contactless payment system aiming to make transactions faster. It simply requires users to wave their device in front of a contactless terminal to complete their purchase.
Visa payWave for Mobile —
Visa payWave for Mobile is another contactless payment system aiming to make transactions faster. It simply requires users to wave their device in front of a contactless terminal to complete their purchase.
JOSEP LAGO/AFP/Getty Images/file
PayPal Beacon is a Bluetooth Low Energy offering that connect to a customer's PayPal app when they enter a retail establishment. Users are notified via a vibration or sound on their smartphone that they're checked in. When they're ready to make a buy, all they have to do is say they are paying with PayPal and the purchase is automatically completed.
PayPal Beacon —
PayPal Beacon is a Bluetooth Low Energy offering that connect to a customer's PayPal app when they enter a retail establishment. Users are notified via a vibration or sound on their smartphone that they're checked in. When they're ready to make a buy, all they have to do is say they are paying with PayPal and the purchase is automatically completed.
PayPal Beacon
Launched in 2012, the O2 Wallet allows users to send and receive money, compare prices and shop via their smartphone.
O2 Wallet —
Launched in 2012, the O2 Wallet allows users to send and receive money, compare prices and shop via their smartphone.
Tim Whitby/Getty Images for O2/file
M-Pesa is a hugely popular mobile money transfer service launched in Kenya in 2007. It allows users to make deposits and withdrawals, as well as buy everyday items.
M-Pesa —
M-Pesa is a hugely popular mobile money transfer service launched in Kenya in 2007. It allows users to make deposits and withdrawals, as well as buy everyday items.
TONY KARUMBA/AFP/Getty Images/file
Venmo is a pay-by-text service that makes it easier for users to charge and pay their friends by bypassing the need for cash or checks. Edwards says this is an effective service but it's increasingly facing competition by big bank alternatives like Barclays Pingit.
Venmo —
Venmo is a pay-by-text service that makes it easier for users to charge and pay their friends by bypassing the need for cash or checks. Edwards says this is an effective service but it's increasingly facing competition by big bank alternatives like Barclays Pingit.
Venmo
If you find it hard paying with your palm or mobile phone, Coin is a digital card that stores information for all the other cards in your wallet. All you need to do is use Coin's digital display to select which one you would like to pay with.
Coin —
If you find it hard paying with your palm or mobile phone, Coin is a digital card that stores information for all the other cards in your wallet. All you need to do is use Coin's digital display to select which one you would like to pay with.
Coin