Samsung Pay Now Available to UK Visa Cardholders
• Service powered by Visa tokenisation to enable simple and secure mobile payments • 94% of UK 18-24 years olds already use their mobile device for banking and payment services
• Service powered by Visa tokenisation to enable simple and secure mobile payments • 94% of UK 18-24 years olds already use their mobile device for banking and payment services
• Visa Token Service, which enables secure and convenient mobile payments, is live in five European markets, with seven more in the pipeline • European consumers currently spending an average of €9 in face-to-face transactions when they use their mobile device to pay • More than 1.2 million European merchants offer contactless point-of-sale, driving uptake in mobile payments
Connects banks with other mobile wallet providers for instant access, streamlined implementation
Visa Europe today announces the expansion of the Visa Europe Payment Tokenisation Service (VEPTS) to enable financial institutions and others to integrate tokenisation into services such as mobile payment apps, e-wallets, and card on file payment options.
UK cardholders will be able to load their cards and use Apple Pay starting today. Apple Pay marks the debut of Visa Europe’s Payment Token Service. Visa Europe’s tokenisation technology is behind Apple Pay and offers enhanced security to protect against potential fraud You can use Apple Pay at any contactless terminal. There is no spend limit on upgraded terminals
Service protects customer data to enable secure and convenient payments across a variety of technologies
Visa Europe is a payments technology business owned and operated by member banks and other payment service providers from 38 countries.
Visa Europe is at the heart of the payments ecosystem providing the services and infrastructure to enable millions of European consumers, businesses and governments to make electronic payments. Its members are responsible for issuing cards, signing up retailers and deciding cardholder and retailer fees. Visa Europe is also the largest transaction processor in Europe, responsible for processing more than 18 billion transactions annually.
There are more than 500m Visa cards in Europe, while €1 in every €6 spent in Europe is on a Visa card. Total expenditure on Visa cards exceeds €2 trillion annually, with €1.5 trillion spent at point-of-sale.
Visa Europe is an independent business with an exclusive, irrevocable and perpetual licence to use the Visa brand in Europe. Visa Europe works in partnership with Visa Inc. to enable global Visa payments in more than 200 countries and territories.
For more information, visit www.visaeurope.com and @VisaEuropeNews