Welsh village being used in mobile wallet tests

A small village in South Wales without a single cash machine has been chosen as the test-bed for a new mobile wallet service from O2.

Rhiwbina was chosen from villages across the UK to demonstrate how the newly launched O2 Wallet could help the 11,000 residents who often find themselves short of cash at the most inconvenient moments.

The O2 Wallet, launched last month, allows users to send and receive money, compare prices and shop via their mobile phone.

Residents of Rhiwbina were challenged to use their digital wallets in everyday situations, such as paying back IOUs, buying a round of drinks in the pub or giving pocket money to their teenagers.

James Le Brocq, managing director at O2 Money, believes the Wallet can solve a variety of everyday money issues for consumers who find themselves strapped for cash in rural backwaters.

Watch this video to see how the O2 Wallet app works.