We had no immediate use for the silicon fabrication plant where memories were made and had to shut it down - Andy Grove - Only the Paranoid Survive
UK MOBILE OPERATOR EE is betting on contactless NFC payments, unveiling its Cash on Tap app in London on Wednesday.
Launched in partnership with Mastercard, EE's Cash on Tap app turns smartphones into mobile payment devices. Handsets supported so far include the Samsung Galaxy S4, Samsung Galaxy S3 LTE and the Sony Xperia SP, and EE said more will be added in the coming weeks.
However, it's unlikely that the service will come to the iPhone, given the Apple smartphone's lack of near field communications (NFC) support.
Still, non-iPhone users will be able to process transactions of up to £20, EE told The INQUIRER on Wednesday, and will be given £10 free credit when they sign up to the service.
EE said, "Users will receive £5 when they first activate the Cash on Tap app and then another £5 when they add any money from any UK credit or debit card for the first time."
With merchants such as McDonalds and Greggs accepting EE's Cash on Tap payment service initially, that's a few free Big Macs and Steak Bakes for EE customers.
As well as its NFC payments app, EE shed some more light on its new shared pay as you go price plans on Wednesday, which will go on sale on 17 July. Users will be able to connect up to five devices to one 4GEE tariff, which will cost from £12 on top of an existing contract.
Alternatively, customers can add a 4G tablet to their existing tariff from an additional £5 per month, with deals also available for business customers.
EE also announced today that its double-speed 4G, which it claims will reach peak speeds of 150Mbps, will be available in the UK from tomorrow. µ
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