Telefónica UK Launches O2 Wallet; Promises NFC Later in 2012

Telefónica UK, known as O2, launched its long anticipated O2 Wallet today, offering text-based money transfers and online product searches and purchasing, but no NFC yet.

The operator had planned to launch the wallet last year, including an NFC-based O2 Money prepaid application. But the project has been delayed.

“The O2 Wallet will be NFC-enabled from later in 2012,” an O2 spokeswoman told NFC Times. “We recognize that contactless payments, tap and go, will be very appealing to consumers in time. We are working towards overcoming some stumbling blocks, e.g., a lack of awareness and understanding amongst consumers, confusion over how to use contactless and a lack of retailers with the appropriate terminals.”

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