Barclay Launches Apple Pay Competitor In UK

June 30, 2015, Written By John H. Oldshue
LONDON - MAY 15: People walk by Barclays bank branch on May 15 2012 in London. Barclays was founded in 1690 and currently employs 146100 staff (2011).

Barclaycard is trying to beat the competition by releasing a contactless payment system ahead of Apple Pay’s UK launch next month. The mobile payment solution, known as bPay, comes in three forms, allowing customers to pay for transactions on the go via a wristband, sticker or key fob.

Currently, Barclays is the only major bank not to support Apple Pay in the UK.

The bPay wristband was launched over a year ago, but the new version of the program gives customers multiple ways to pay with NFC technology. Any Visa or MasterCard registered in the UK can be paired with the corresponding bPay smartphone app–not just cards from Barclaycard.

The wristband is priced at £24.99, and can be worn just like any other watch, bracelet or smartwatch. The fob is £19.99, and can be attached to a bag, key ring or lanyard. The sticker is £14.99, and transforms any item it is attached to into a contactless payment solution.

Currently, the transaction limit for the contactless payment system is £20 per transaction, but that is expected to increase to £30 by the end of September.

The information contained within this article was accurate as of June 30, 2015. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.