Knowledge (XXG)

O2 Money

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The application allows users from any UK mobile network to use their smartphone to access money loaded on to a prepaid visa debit card, which is issued electronically when you register. You can also upgrade and obtain a physical Visa debit card for the cost of £3. There are plans to enable customers
339:. The trial consisted of O2 distributing Nokia 6212 Classic mobile phone with NFC functionality. The phones were pre-loaded with transportation tickets and city services cards. It is the first time that Telefónica has offered NFC services on a commercial basis. 191:
on 23 February 2011 the "second phase" for O2 Money. The phase involves the company's move away from physical currency through the discontinuation of the Cash Manager and Load & Go cash cards and the release of a "mobile wallet" application for
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tool and a listing of all contracts and subscriptions. It also offers interest in exchange for aggregated account data via a bonus programme for O2 customers. Nevertheless, this financial app is free to use for anyone.
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James Le Brocq, Head of Financial Services at O2, told Mobile News he expects to announce a range of partnerships with "a number" of organisations in relation to the mobile wallet service, most likely before Q3 2011.
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A spokesman for O2 announced on 3 February 2011 the company's plans to release a "mobile wallet" application, an NFC-powered mobile payment application for NFC-enabled
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mobile payments. However, Tim Sefton, Customer Director at O2 stated the partnership with NatWest did not preclude future partnerships with other banks.
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The service received over 100,000 applications in the first seven weeks, making it the most successful financial card launch in the United Kingdom.
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O2 Money has been described by Ronan Dunne, CEO at O2, as the first step in implementing NFC technology in
27: 893:"Telefónica O2 launches its first commercial NFC service — and sets out strategy for future deployments" 822: 281: 100: 40: 769: 442:
Users won't be able to load money onto an O2 Money card and any regular loads will automatically stop.
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in the second half of 2011. O2 has since expressed its ambition to release the application before the
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It was announced on 9 January 2014 that the O2 wallet service would be closing as of 31 March 2014.
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devices. The application will use NFC technology embedded in a phone to access money banked with
1103:["O2 Money": Telefónica's finance app offers bonus interest for "account information]. 711: 1134: 726: 173: 789: 773: 336: 303: 155: 121: 90: 1128: 989: 289: 269: 188: 375: 225:, with 500 individuals participating in the trial. The individuals used a specific 104: 1105: 777: 749: 715: 699: 197: 1101:""O2 Money": Telefónicas Finanz-App bietet Bonuszins für "Kontoinformationen"" 788:
that provides users with an overview of their finances, includes functions of
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which will allow it to offer money transfers between customers in addition to
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Accounts will close and users won't be able to use their card to spend money.
331:, Telefónica Europe began a controlled commercial trial of its NFC service in 246: 162: 133: 30: 1015: 871:"Mobile Contactless Payments Trials Conducted At Mobile World Congress 2010" 300: 285: 273: 242: 1060:"O2 | O2 money | the O2 Wallet service closed on 31st March 2014" 364: 332: 297: 277: 234: 201: 165: 250: 114: 181: 238: 226: 637:
Accounts will be terminated and support services will be closed.
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handset to make payments at selected retailers, and travel the
915:"Telefónica launches O2 Money, says it is ready to deploy NFC" 384:
Both cards were provided free and exclusive to O2 customers.
1059: 1075:"O2 Germany Launches New Smart Financial App 'O2 Money'" 958: 550:
Remaining money on cards will be refunded as cheques.
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Launched on 15 July 2011, O2 Money debuted as line of
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technology payment to be demonstrated at the event.
1038:"O2 to launch mobile wallet service in second half" 744:The mobile wallet application is available for the 132: 120: 110: 96: 84: 74: 64: 46: 36: 23: 253:, to enable NFC technology on all future devices. 150:is a range of financial services provided by 8: 18: 1012:"O2 to launch NFC mobile wallets this year" 347:O2 Money was launched in partnership with 17: 217:O2 began trials of NFC technology in 2007 391: 172:. The cards enabled O2 customers to use 984:Wordsworth, Richard (5 February 2011). 814: 986:"O2 to launch NFC mobile payments app" 363:. O2 had previously been working with 397: 7: 1099:Kannenberg, Axel (26 October 2020). 296:SIM cards pre-loaded with £55 and a 280:demonstrated mobile payments at the 1036:House, Michael (3 February 2011). 14: 1010:Solomon, Kate (4 February 2011). 1073:Sharma, Ray (4 November 2020). 939:. Marketing Week. 29 April 2010 937:"Extending the gift of control" 823:"Introducing the Mobile Wallet" 737:at 60,000 locations in the UK. 710:to use their smartphones as an 292:NFC-enabled handsets contained 1: 1150:Currencies introduced in 2011 1145:Finance in the United Kingdom 168:issued by O2 and provided by 849:"O2: NFC is ready to launch" 731:Financial Services Authority 684: 681: 678: 675: 672: 669: 666: 659: 656: 653: 650: 647: 644: 641: 633: 630: 627: 624: 621: 618: 615: 610: 607: 604: 601: 598: 595: 592: 585: 582: 579: 576: 571: 566: 561: 544: 539: 534: 529: 526: 523: 520: 515: 512: 509: 506: 503: 500: 497: 490: 487: 484: 481: 478: 475: 472: 464: 461: 458: 455: 452: 449: 446: 438: 435: 432: 429: 426: 423: 418: 851:. Mobile News. 15 July 2009 233:with transactions made via 1166: 873:. TMCnet. 17 February 2010 414: 402: 917:. NFC World. 28 July 2009 662: 588: 554: 493: 409: 394: 895:. NFC World. 27 May 2010 720:transportation in London 318:Near Field Communication 378:in the United Kingdom. 725:O2 has applied for an 52:; 13 years ago 282:Mobile World Congress 256:In February 2010 176:as an alternative to 115:Telefónica UK Limited 101:Finance and insurance 41:Finance and insurance 768:End of October 2020 735:contactless payments 704:2012 Summer Olympics 803:O2 (United Kingdom) 752:operating systems. 20: 965:. 1 September 2011 829:. 1 September 2011 790:personal budgeting 770:Telefónica Germany 231:London Underground 187:O2 announced in a 825:(Press release). 729:licence from the 712:electronic ticket 691: 690: 557: 412: 405: 355:in July 2009 312:It was the first 145: 144: 141: 1157: 1140:Personal finance 1119: 1118: 1116: 1114: 1096: 1090: 1089: 1087: 1085: 1070: 1064: 1063: 1056: 1050: 1049: 1047: 1045: 1033: 1027: 1026: 1024: 1022: 1007: 1001: 1000: 998: 996: 981: 975: 974: 972: 970: 955: 949: 948: 946: 944: 933: 927: 926: 924: 922: 911: 905: 904: 902: 900: 889: 883: 882: 880: 878: 867: 861: 860: 858: 856: 845: 839: 838: 836: 834: 819: 727:electronic money 718:used throughout 687: 574: 569: 564: 555: 547: 542: 537: 532: 421: 410: 403: 392: 362: 360: 335:, a city in the 330: 328: 323:In May 2010 263: 261: 224: 222: 174:digital currency 139: 60: 58: 53: 21: 1165: 1164: 1160: 1159: 1158: 1156: 1155: 1154: 1125: 1124: 1123: 1122: 1112: 1110: 1098: 1097: 1093: 1083: 1081: 1079:thefastmode.com 1072: 1071: 1067: 1058: 1057: 1053: 1043: 1041: 1035: 1034: 1030: 1020: 1018: 1009: 1008: 1004: 994: 992: 983: 982: 978: 968: 966: 957: 956: 952: 942: 940: 935: 934: 930: 920: 918: 913: 912: 908: 898: 896: 891: 890: 886: 876: 874: 869: 868: 864: 854: 852: 847: 846: 842: 832: 830: 821: 820: 816: 811: 799: 797:Further reading 766: 758: 696: 685: 572: 567: 562: 545: 540: 535: 530: 419: 390: 358: 356: 345: 326: 324: 259: 257: 220: 218: 215: 210: 103: 87: 80: 56: 54: 51: 12: 11: 5: 1163: 1161: 1153: 1152: 1147: 1142: 1137: 1127: 1126: 1121: 1120: 1091: 1065: 1051: 1028: 1002: 976: 950: 928: 906: 884: 862: 840: 813: 812: 810: 807: 806: 805: 798: 795: 772:together with 765: 762: 757: 754: 714:, such as the 695: 692: 689: 688: 683: 680: 677: 674: 671: 668: 664: 663: 661: 658: 655: 652: 649: 646: 643: 639: 638: 635: 632: 629: 626: 623: 620: 617: 613: 612: 609: 606: 603: 600: 597: 594: 590: 589: 587: 584: 581: 578: 575: 570: 565: 559: 558: 552: 551: 548: 543: 538: 533: 528: 525: 522: 518: 517: 514: 511: 508: 505: 502: 499: 495: 494: 492: 489: 486: 483: 480: 477: 474: 470: 469: 466: 463: 460: 457: 454: 451: 448: 444: 443: 440: 437: 434: 431: 428: 425: 422: 416: 415: 413: 407: 406: 400: 399: 396: 389: 386: 344: 341: 337:Czech Republic 304:Mobile Payment 214: 211: 209: 206: 156:United Kingdom 143: 142: 136: 130: 129: 124: 118: 117: 112: 108: 107: 98: 94: 93: 91:United Kingdom 88: 85: 82: 81: 79:United Kingdom 78: 76: 72: 71: 66: 62: 61: 48: 44: 43: 38: 34: 33: 25: 13: 10: 9: 6: 4: 3: 2: 1162: 1151: 1148: 1146: 1143: 1141: 1138: 1136: 1133: 1132: 1130: 1108: 1107: 1106:Heise oinline 1102: 1095: 1092: 1080: 1076: 1069: 1066: 1061: 1055: 1052: 1040:. Mobile News 1039: 1032: 1029: 1017: 1013: 1006: 1003: 991: 987: 980: 977: 964: 960: 954: 951: 938: 932: 929: 916: 910: 907: 894: 888: 885: 872: 866: 863: 850: 844: 841: 828: 824: 818: 815: 808: 804: 801: 800: 796: 794: 791: 787: 783: 780:) launched a 779: 775: 771: 763: 761: 755: 753: 751: 747: 742: 738: 736: 732: 728: 723: 721: 717: 713: 707: 705: 701: 694:Mobile wallet 693: 665: 640: 636: 614: 591: 560: 553: 549: 519: 496: 471: 467: 445: 441: 417: 408: 401: 393: 387: 385: 382: 379: 377: 376:mobile phones 372: 370: 366: 354: 350: 342: 340: 338: 334: 321: 319: 315: 310: 308: 305: 302: 299: 295: 291: 290:Samsung S5230 287: 283: 279: 275: 271: 267: 254: 252: 248: 244: 240: 236: 232: 228: 212: 207: 205: 203: 199: 195: 190: 189:press release 185: 183: 179: 175: 171: 167: 164: 159: 157: 153: 149: 140:(Closed 2014) 137: 135: 131: 128: 125: 123: 119: 116: 113: 109: 106: 102: 99: 95: 92: 89: 83: 77: 73: 70: 67: 63: 49: 45: 42: 39: 35: 32: 29: 26: 22: 16: 1111:. Retrieved 1104: 1094: 1082:. 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Smith 213:Pre-release 86:Area served 1129:Categories 959:"O2 Money" 809:References 782:mobile app 388:Transition 270:Telefónica 166:cash cards 138:o2 wallet 31:Subsidiary 1016:TechRadar 776:(part of 774:Comdirect 367:to trial 286:Barcelona 943:29 April 786:O2 Money 764:O2 Money 556:December 411:November 365:Barclays 343:O2 Money 298:La Caixa 278:La Caixa 235:Barclays 204:via O2. 202:Barclays 148:O2 Money 97:Products 37:Industry 19:O2 Money 1135:O2 (UK) 899:13 June 784:called 756:Closure 746:Android 359:2009-07 357: ( 349:NatWest 327:2010-05 325: ( 260:2010-02 258: ( 251:Samsung 219: ( 208:History 194:Android 182:cheques 170:NatWest 154:in the 65:Founder 55: ( 47:Founded 28:Private 921:13 May 877:14 May 855:14 May 398:Event 264:, the 122:Parent 395:Date 333:Plzeň 247:Apple 239:Tesco 227:Nokia 111:Owner 1115:2020 1086:2020 1046:2011 1023:2011 997:2011 971:2011 945:2010 923:2010 901:2010 879:2010 857:2010 835:2011 748:and 404:2011 301:Visa 276:and 274:Visa 266:GSMA 249:and 241:and 221:2007 196:and 178:cash 163:Visa 750:iOS 682:31 679:30 676:29 673:28 670:27 667:26 660:25 657:24 654:23 651:22 648:21 645:20 642:19 634:18 631:17 628:16 625:15 622:14 619:13 616:12 611:11 608:10 527:30 524:29 521:28 516:27 513:26 510:25 507:24 504:23 501:22 498:21 491:20 488:19 485:18 482:17 479:16 476:15 473:14 465:13 462:12 459:11 456:10 369:NFC 351:by 314:SIM 284:in 198:iOS 180:or 1131:: 1077:. 1014:. 990:T3 988:. 963:O2 961:. 827:O2 722:. 605:9 602:8 599:7 596:6 593:5 586:4 583:3 580:2 577:1 573:30 568:29 563:28 453:9 450:8 447:7 439:6 436:5 433:4 430:3 427:2 424:1 420:31 353:O2 294:O2 272:, 184:. 158:. 152:O2 127:O2 69:O2 1117:. 1088:. 1062:. 1048:. 1025:. 999:. 973:. 947:. 925:. 903:. 881:. 859:. 837:. 686:1 546:4 541:3 536:2 531:1 361:) 329:) 262:) 223:) 59:)

Index

Private
Subsidiary
Finance and insurance
O2
United Kingdom
Finance and insurance
Credit Cards
Telefónica UK Limited
Parent
O2
Subsidiaries
O2
United Kingdom
Visa
cash cards
NatWest
digital currency
cash
cheques
press release
Android
iOS
Barclays
Nokia
London Underground
Barclays
Tesco
W. H. Smith
Apple
Samsung

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