01 October 2016
Visit dh.com

Visa Europe preps V.me digital wallet for autumn launch

30 April 2012  |  10649 views  |  0 wallet

Visa Europe says it will launch its V.me digital wallet to an initial group of users in the UK, Spain and France this autumn.

Visa set out its plans for a wallet that stores Visa and non-Visa accounts, letting users pay online and in person through their PCs and mobile devices, last May.

The company is already working with several financial institutions and merchants in the US and Canada and is now ready to move into the European market, offering the service through its member banks.

In the UK, payments processor WorldPay has been signed up as a development partner with further collaborators in each market, including banks and retailers, to be announced "soon".

E-commerce already represents 22% of Visa Europe's transactions and grew 44% between 2009 and 2011. The V.me wallet is the firm's central tool in its battle for dominance in the online and mobile commerce markets, where it faces competition from a slew of rivals from the tech and telco worlds.

Mariano Dima, EVP, product and marketing solutions, Visa Europe, says: "V.me sits at the heart of Visa's future of payments...Our intention is that V.me will ultimately be able to incorporate any or all of our new payment technologies, allowing our members to deliver the best possible payments experience whether face-to-face, online or in a mobile environment."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

UK wireless operator O2 launches mobile wallet

UK wireless operator O2 launches mobile wallet

26 April 2012  |  12516 views  |  0 comments
EC opens 'in-depth investigation' into UK telcos' mobile wallet plans

EC opens 'in-depth investigation' into UK telcos' mobile wallet plans

13 April 2012  |  8701 views  |  0 comments
Google Wallet suffers further setbacks as key execs jump ship

Google Wallet suffers further setbacks as key execs jump ship

20 March 2012  |  12030 views  |  2 comments
UK telcos submit mobile wallet proposals to EU competition authorities

UK telcos submit mobile wallet proposals to EU competition authorities

08 March 2012  |  10524 views  |  0 comments
Visa Europe takes stake in Mobile Money Network

Visa Europe takes stake in Mobile Money Network

07 March 2012  |  8659 views  |  0 comments
Visa Europe hails UK e-commerce spending growth; sets sights on mobile

Visa Europe hails UK e-commerce spending growth; sets sights on mobile

17 January 2012  |  11619 views  |  0 comments
Visa launches developer centre for digital wallet

Visa launches developer centre for digital wallet

16 November 2011  |  10224 views  |  0 comments
Visa preps digital wallet

Visa preps digital wallet

11 May 2011  |  12880 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit VocaLink.comVisit dh.com

Top topics

Most viewed Most shared
Ripple rudely gatecrashes Sibos partyRipple rudely gatecrashes Sibos party
11190 views comments | 35 tweets | 33 linkedin
BNP Paribas is working with clients on blockchain deploymentBNP Paribas is working with clients on blo...
8089 views comments | 15 tweets | 31 linkedin
Banks ready for real-world blockchainBanks ready for real-world blockchain
7169 views comments | 22 tweets | 29 linkedin
PayPal and Lenovo team on biometric authentication for laptopsPayPal and Lenovo team on biometric authen...
6835 views comments | 13 tweets | 16 linkedin
Distributed ledger technology could damage financial market integration - ECBDistributed ledger technology could damage...
6315 views comments | 15 tweets | 10 linkedin

Featured job

Find your next job