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March 2, 2015updated 04 Apr 2017 4:03pm

Visa partners with financial institutions worldwide for mobile payment services

Visa has partnered with several financial institutions around the world to offer new mobile payment services.

By Verdict Staff

Visa has partnered with several financial institutions around the world to offer new mobile payment services.

With the partnership, BBVA and Cuscal has launched new issuer-branded mobile payment applications for Android operating system and Banco do Brazil, PNC Bank and US Bank will launch similar capabilities in the future.

Visa Digital Solutions, a comprehensive suite secure payments offerings across a range of internet-connected devices and wearables, will enable customers of participating financial institutions to pay in-store with their Visa accounts by waving their Android mobile phone in front of a contactless reader, following a one-time enrollment process.

Visa senior vice president of digital solutions Sam Shrauger said: "2015 is the year in which fast and safe mobile payments based on Visa technology will proliferate across the world.

"We are very proud that Visa’s Digital Solution is now accessible to the broader market to be used across multiple devices and form factors – enabling secure, fast and engaging commerce experiences in any environment."

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