Optus today has announced new payment accessories, a band and a sticker, for its mobile payment facility,
Visa is vowing to transform from a payments network to an open platform through the launch of a developer portal that gives banks, merchants and tech firms access to its technology, products and services.
Uber is among the first firms to take advantage of a new Visa platform designed to help merchants team up to deliver offers to cardholders online and through apps.
Visa Inc. (NYSE:V) today announced financial results for the Company's fiscal first quarter 2016. GAAP net income for the quarter, inclusive of non-cash, non-operating income related to an adjustment in the Company's fair value of its Visa Europe put option, was $1.9 billion, or $0.80 per share.
Contactless cards achieved a breakthrough in Europe in 2014, as the number of payments grew by 155% – a figure which is forecast to continue to soar over the next few years.
Two in three online shoppers abandon their shopping carts as they find the payment process too cumbersome or time consuming
Britain has become a "cash-second" nation, claims Visa Europe, which saw an explosion in contactless payments drive an 11.5% rise in the number of transactions it recorded in the country last year.
Visa is teaming up with local organisations in China to promote financial inclusion and education through mobile technology.
Wirecard Technologies GmbH, a subsidiary of the specialist for payment processing and financial technology Wirecard AG, has announced entering a partnership with Visa Europe Collab, an initiative from Visa Europe that operates Innovation Labs in Berlin, London and Tel Aviv.
As the UK prepares to roll out contactless payments across its public transport networks, the technology's popularity has been underlined by figures which show that in a single day last month more than a million journeys on London's tube were paid for with the tap of a Visa card.
© Finextra Research 2016