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The future of payments

We’ve been at the forefront of every major change in the payments industry for the last 50 years. Now we're developing the new technologies that will shape the next 50 years.

View the video to find out more about the future of payments from Peter Ayliffe.

We deliver a rich platform of new electronic payment and open commerce services that provide people, banks, and businesses with the flexibility to transact in whatever way they choose, with all the ease and convenience they have come to expect from Visa. Our evolving range of products and services will allow consumers to make payments at any time, in any place, and from any device. All backed by one of the world’s most trusted brands.

‘’I am convinced that the future of money will be mobile. In the past, payment innovations may have been ‘pushed’ to a largely indifferent market but, in the future, I know they will be ‘pulled’ by a hugely eager and enthusiastic market.’’Peter Ayliffe, President and CEO, Visa Europe

What’s new?

Two entirely new services are now commercially available:

• Visa Mobile P2P payments – enabling registered users to transfer funds to any Visa cardholder from their mobile phone, backed by all the security, expertise, and connectivity of the Visa Europe processing systems.
• Visa Mobile Alerts – notifying registered cardholders in real-time, whenever their card has been used to make payments across the Visa Europe payment network.

At the same time, we are finalising the details of our commercial Near Field Communication (NFC) services. Here, we are defining the necessary standards, to ensure that mobile devices can work easily and securely across the existing Visa payWave contactless acceptance infrastructure. We are also providing a range of here and now solutions to bring NFC capabilities to existing devices.

We are also working on a range of advanced loyalty and e-commerce services, and accelerating towards the launch of our next big innovation – our own member-issued digital wallet, which is due for launch in selected markets from 2012.

What is important is that all of these developments can be integrated. The idea is that they all become facets of a wider proposition which, from a member perspective, would also include the core mobile banking service. With this in mind, the underlying platforms are designed to be flexible, and complementary, and to accommodate a clearly-defined development roadmap.