With Apple Pay lurking just over the horizon, waiting to devour a bourgeoning mobile payments market, time is running out for smaller mobile money managers to gain a steady footing. Mobile payment platform Zapp has sured up its defences today, announcing that a number of leading UK retailers will use its technology from 2015 to process payments.
Supermarkets Sainsbury's and Asda are among those signing up for Zapp compatibility, alongside Littlewoods, House of Fraser, Clarks and Thomas Cook.
Rather than being a separate account that needs topping up, the Zapp service connects to your bank account and pulls funds directly from it, effectively acting as a middle man between your bank and the shop. Zapp can process payments triggered by QR codes and NFC, and even supports buttons embedded on websites. Should a shop outfit its checkouts with an appropriate reader, contactless payments to a value of £20 can also be made using Zapp. [Zapp]
Image Credit: Sainsbury's