The future of payments....

Yesterday after drinking my morning juice smoothie, my front door knocked! Sadly it wasn't a big bunch of roses from a florist or a new clothes delivery but it was the postman with a letter for me to sign.

I opened the letter and in it was a Barclays PayTag!
Basically it is a small stickable tag, that you stick it to your mobile phone or anywhere you wish really and then can use it to tap onto the card reader machine and pay for your goods!

It really does raise the question though of future payment methods! Maybe one day the Bank of England will stop producing banknotes and coins and it will be all electronic from a mobile phone device.

I'm not so sure if I am going to put the tag on my phone....! I think it will increase the chances of theft to handsets - not only will they go and take your phone but they'll try get a few transactions from your bank account! Barclays state 'Your PayTag is safe and secure. So don't worry if it gets lost or stolen - you're protected against fraud.'

The question is should I start to use it? 

What do you all think???

Visit barclaycard.co.uk, to get a credit card with PayTag.