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.
Jo from Northern Ireland was less than impressed by Russell Brand's attempt to stage a publicity stunt
When teaching the meaning of Christmas backfires
Life & Style blogs
Alexander McQueen at auction: What makes a really great piece of fashion?
A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
No female ejaculation, please, we’re British: a history of porn and censorship
Stressed nurses are 'forced to choose between health of patients and their own'
Pornhub: Kim Kardashian's sex tape is the most-watched porn video of all-time
Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
Shock poll shows voters believe Ukip is to the left of the Tories
New era of cheap oil 'will destroy green revolution'
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Ukip founder Alan Sked and Nigel Farage 'begged Enoch Powell to stand as a candidate'
Ukip candidate jokes about 'shooting peasants' in racist and homophobic rant
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
iJobs Gadgets & Tech
£40000 per annum: Ashdown Group: Web Developer/Designer - WordPress, PHP, HTML...
£35000 - £40000 per annum: Recruitment Genius: A global 3D visualisation compa...
£28000 - £35000 per annum: Ashdown Group: SQL Developer - Derbyshire, commutab...
£40000 - £45000 per annum: Ashdown Group: SQL Developer - 12 Month Fixed Term ...