London black cab trials cashless payments using mobile phone app
Passengers can transfer the fare from their phones
Monday 14 July 2014
The late night quest for a cash point could soon be a thing of the past for cab passengers as a London cabbie trials mobile phone payments.
Ian Cable is using Barclay’s Pingit app for cashless payments for five days until Friday.
It allows the fare on the meter to be transferred between bank accounts within 30 seconds.
Mr Cable, who has been a London black cab driver for 23 years, said: “I am always up for trying new technology to help make mine and my passengers' lives easier.”
He was also the first cabbie to accept chip and pin cards in 2004.
“It means I have more time on the road to earn money - rather than stopping off at the bank to pay in my earnings or pulling up at ATMs for passengers with the risk of getting a hefty parking fine," he added.
As contactless payment cards become more popular, the next shift predicted is towards mobile payments.
The Centre for Economic and Business Research predicts that by 2020, 20 million adults will use their mobiles to pay for goods and services.
Darren Foulds, the director of Barclays Mobile and Pingit, said: “We are always keen to support new ways to make people’s lives easier.
“This trial really demonstrates the huge potential for mobile payments as they gain more widespread use.”
The app, which can be used by customers of any bank, works by using QR codes to gain information needed for a transaction.
Since it launched in February 2012, Barclays Pingit has been downloaded 3 million times and used to transfer £540 million.
Life & Style blogs
Surgeon backs 'good death' plans - and reveals his own
Britain's kitchens so filthy that they present a health risk, says new research
NHS hit by stealth cuts of £2bn as tariffs received for medical procedures are reduced
How to survive a social-media mauling, by the tough women of Twitter
KickassTorrents down: new Isle of Man domain taken offline just hours after launch
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband
The sickening truth about food banks that the Tories don't want you to know
Migrant boat disaster: Ukip candidate mocks victims in sickening Twitter post
Nigel Farage wants the BBC to stop making programmes like Doctor Who, Strictly Come Dancing, and Top Gear
Global warming: Scientists say temperatures could rise by 6C by 2100 and call for action ahead of UN meeting in Paris
General Election 2015: Britain would become a 'communist dictatorship' under Ed Miliband and Nicola Sturgeon, claims wife of Michael Gove
- 1 I've been called an abusive and dangerous parent, when all I did was listen to my transgender child
- 2 Smartphones are making children borderline autistic, says psychiatrist
- 3 Why this father didn’t hide his daughter’s heroin overdose in her obituary
- 4 Company breaks open Apple Watch to discover what it says is 'planned obsolescence'
- 5 Teaching profession headed for crisis as numbers continue to drop and working lives become 'unbearable'
iJobs Gadgets & Tech
£70000 - £90000 per annum + bonus + car allowance + benefits: Ashdown Group: H...
£28000 - £32000 per annum + Excellent benefits: Ashdown Group: Application Sup...
£28000 - £32000 per annum + Excellent benefits: Ashdown Group: Systems Analyst...
£40000 - £48000 per annum + bonus and benefits: Ashdown Group: European Recrui...