0
Wireless

Visa targets universal payment system

Monday 4 July 2016 | 11:12 CET | News
Visa plans to work on a universal payments system in order to respond to the growth in connected devices capable of making transactions. The company also plans to open its network to existing domestic national payments systems, chief executive Charlie Scharf told Les Echos in an interview. Opening up Visa's network to connected devices and the rapid replacement of cash payments by electronic transactions will require massive investment and this led to the company's recent EUR 13.3 billion purchase of Visa Europe, which was completed last month, Scharf said.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Internet / Mobile & Wireless
Companies: Visa
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Visa mikt op universeel betaalsysteem

Published 04 Jul 2016 11:19 CET | World
Visa werkt aan een universeel betaalsysteem om meer transacties als gevolg van de toename van het aantal connected devices te ...

OT launches dual interface card for Visa, MasterCard users

Published 27 Jun 2016 08:41 CET | World
Oberthur Technologies (OT) has released its new multi-payment dual interface card developed on its Global Platform and Java-based ...

Visa to support Apple Pay in France, Switzerland

Published 14 Jun 2016 17:28 CET | France
Visa will offer Visa debit, credit and reloadable prepaid cardholders access to Visa with Apple Pay, as it launches in France and ...

Visa Europe starts new digital enablement programme

Published 18 May 2016 13:55 CET | United Kingdom
Visa Europe announced the launch of the new Visa Europe Digital Enablement Programme (VEDEP), leveraging the power of the Visa ...