O2 unveils free pre-paid cashcards

O2 Money combines cash with your mobile account

O2 has announced a new direction for its business, O2 Money, in a bid to increase its customer base in the UK.

Available to O2 customers only, the network has launched 'Cash Manager' and 'Load and Go' pre-pay debit cards, in partnership with Natwest, in order to let you help keep track of your cash with your mobile.

With Cash Manager, users can load the cards with money via the internet or an O2 store, and receive a text when the card is used and the remaining balance.

Know your limits

Apart from having a clearly defined limit, it works the same as a credit or debit card, and is available fee free to O2 customers, unlike other such options on the market.

The Load and Go option is essentially the same thing, but more geared for children aged 13 and over, with parents sent a letter when their child applies for a card, and the balance updates sent to them.

Ronan Dunne, O2's UK Chief Executive, told reporters that this will be the first step for O2 in a journey towards combining money and the mobile, meaning it won't be long before we see contactless technology combined with a mobile handset.

ABOUT THE AUTHOR

Phones and Tablets Editor

Gareth (Twitter, Google+) has been part of the mobile phone industry from the era of the brick to the tiny device in the pocket... and now watching them grow back up to behemothic proportions once more. He's spent five years dissecting all the top phones in the world as TechRadar's Phones and Tablets Editor, and still can't resist answering the dreaded question - "which new phone should I get?" - with 15 choices.