Visa has
granted Google a global license to use its NFC-based payment
technology payWave.
This licence will thus allow Visa card issuing
banks to link debit, credit and prepaid cards to Google Wallet.
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Peter Ayliffe, CEO of Visa Europe, called this
step “revolutionary”.
“The convergence of payment applications on
the mobile handset presents an exciting opportunity for banks,
mobile operators and manufacturers to work together to offer
consumers choice in the way they make and manage their
payments.
“Building Visa technology into Google Wallet
gives our member banks a revolutionary way to meet their customers’
needs through the smart phone,” he said.
Ayliffe forecast that payment technology that
is still considered innovative and new, such as contactless and
mobile payments, would become mainstream in 2012.
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By GlobalDataToday’s announcement is another demonstration
of our commitment to working with players from across the payments
ecosystem to bring our vision to life, delivering choice in
payments for consumers and retailers.
He added that in the next few weeks, Visa
would announce “further new products and services”.
“Each [new service and product] one is a
stepping stone towards the next evolution of the payments industry.
Ultimately, working with our partners and our member banks, we are
enabling consumers to make payments at any time, in any place, and
from any device,” he said.
