o2 walletUK mobile operator O2 has announced that it is closing the O2 Wallet service it has offered for the last 18 months, citing changes in market conditions and customer needs.

In a post made today, the company said that “we’ve decided to close the O2 Wallet to give us time to look into new and better ways to help people manage their money on the move, both in the UK and abroad”.

After March 31, customers won’t be able to use their O2 Wallet or O2 Money Account Card, and the Web dashboard will be inaccessible by the end of April. Before then, O2 plans to start crediting back any outstanding balances from April 10 by cheque or to a linked bank account.

➤ We’re closing O2 Wallet – here’s all you need to know [O2 forum]

Featured Image Credit – Getty Images