An app that will spend your money for you

A “DIGITAL wallet” that aims to transform the way people manage their finances and send money using their mobile phones has been launched.

Several functions are being brought together in the app to create the “wallet”, enabling consumers to transfer cash via their mobiles, compare prices, track their spending and shop, O2 said.

The wallet, which is compatible with the majority of smartphones and iPads, is free to download and can be used with any phone network or bank account.