Mastercard Masterpass system

MasterCard is in talks with food retailers about trials

Credit card giant MasterCard expects to announce the first trials of a new “digital wallet” at UK supermarkets by the end of the year.

It said it was currently in advanced talks with several food retailers after cementing deals with the likes of Currys and PC World.

The Masterpass system, which allows customers to make payments using their tablets or smartphones at the checkout, or while using online shopping sites, also allows them to pay using any credit or debit card.

It can store a mass of information to manage payments and financial accounts.

MasterCard claims the technology will make old-fashioned wallets redundant.

“Retailers have expressed huge interest in introducing this in their stores to reduce queuing time and we think it can help transform the shopping experience in supermarkets,” said Andrew Key, head of acceptance and market development at UK MasterCard.

The trials are expected to take place at selected supermarkets before a more major rollout later in 2014.