Boots, Britain’s pharmacy-led health and beauty retailer, has
launched the UK’s first contactless transaction using MasterCard’s
PayPass system.
The contactless technology, available at Boots’ Canary Wharf
outlet, follows a deal struck with the Boots retailer, MasterCard
and merchant acquirer RBS WorldPay.
Customers will be able to use the ‘Tap & Go’ system for
everyday purchases under £15 ($22) in less than a second, with the
service initially available in 21 stores in London and
Liverpool.
Hany Fam, general manager of MasterCard’s UK and Ireland
markets, said the credit card issuer was “proud” to be the first to
introduce contactless to a major UK high street retailer.
The contactless payment phenomenon has been pitched for its
advantages in boosting transaction volumes while reducing the costs
of cash handling.
In January, Barclaycard and Orange announced a partnership to
allow consumers to use their mobile phones to pay for goods and
services using PayPass-enabled system.
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By GlobalData