MoBank App Takes Shopping to the IPhone in the UK

iPhone and iPod Touch owners in the U.K. will be able to use their devices to buy and pay for goods using a new application from MoBank.

By Mikael Ricknäs

PAGE 2

A big challenge for the sector is coming up with a unified way of supporting payments using a mobile device, according to Townend. Getting readers into stores will be easier, because it's not that expensive for retailers, he said.

"For me it is much better than using a card. I think the card's life span is narrowing, and eventually everyone will use the phone," said Townend.

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