Of Special Interest
14th October 2011
Visa Europe mobile wallet coming next year.
Steve Perry, commercial director for Visa Europe has confirmed that the organisation is to bring a mobile wallet capable of NFC transactions to market during the second half of 2012. The wallet will be open to other card issuers. This confirmation, made at the Frankfurt security conference contrasts with the hype given to the MasterCard / Google / Citi announcement earlier this year. Visa would appear to be focused on making a more comprehensive product and presumably will have multiple bank participants from the start. The lack of NFC phones is also a current limiting factor.
The confirmation follows shortly after the promise of a Visa Europe P2P service due to be launched shortly.