Contis, a European alternative banking and payments group, is distributing Visa contactless prepaid cards across its entire UK and European client base.
The latest initiative helps control all elements of the delivery supply chain, and can deliver additional products and features for fintech and legislation through its own processing platform.
Go deeper with GlobalData
Contis Group founder and executive chairman Peter Cox said: "Contis have spent millions in ensuring our capabilities are in line with modern consumer and commercial organisations’ needs. Our investment in developing contactless across our global platform capabilities is seen as a significant step; and will allow our brand partners to offer their customers the latest technology and convenience at the point of delivery.
"From a good idea to a necessary deliverable, the move to wearable and alternative contactless payments is a feature that is being driven by strong user demand. To maintain customer loyalty, we are more than ever, now in a stronger position to adapt to any future changes in this industry."
The movement within high volume, low spend retail outlets and transport systems is currently seen as the main influence for the use of contactless technology.
After its launch of contactless, Transport for London emerged as the biggest merchant for this technology with over 157 million journeys paid through contactless till date, of which most were made on Visa cards.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
