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Wednesday, May 11, 2011

Visa plans mobile wallet for USA customers later this year

Visa Inc. has announced plans to introduce a ‘digital wallet’ in the United States and Canada this autumn. The service will store details for Visa and non-Visa accounts, offering NFC payments through the Visa payWave application. Other payment options, including online transactions, retailer discounts and person-to-person money transfers, will also be available.

Joseph W Saunders, Chairman and Chief Executive Officer of Visa Inc, said “Our new solutions deliver greater consumer choice, convenience and control while helping our clients grow their businesses. The widespread adoption of Internet and mobile technology is changing the way people connect and transact across the globe, so we're focused on delivering locally-tailored payments products and services. We are introducing new solutions for eCommerce and mobile devices that provide the same 'Visa-quality' experience - convenience, reliability and security - people enjoy when using their Visa cards at a retail location. In doing so, we are accelerating the global shift to digital payments by harnessing our brand, products, network and 50-plus years of payments experience.”

In addition, Visa is working in emerging markets to provide mobile payment services that are tailored to local needs.

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Author: The Fonecast
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Tags: usa canada nfc payments visa

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