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✨Visa de's Global Payments Innovation✨ Visa is at the forefront of transforming the future of payments by combining cutting-edge technology, scalability, and secure financial transactions across its vast global network. Operating in over 200 countries, Visa processes an astounding 296.8 billion transactions annually, enabling seamless money movement and digital commerce worldwide. 🚀Key Highlights: Expansive Reach: Serving over 4.5 billion cardholders and supporting 130 million merchants globally, Visa is a leader in digital payments. UPC Protocol: Visa's Universal Payment Channel (UPC) protocol is designed to handle cross-border transactions with unmatched efficiency. It supports the seamless movement of money between consumers, issuers, and merchants, while integrating advanced blockchain systems for enhanced transparency, security, and speed. New Flows and Value-Added Services: Visa’s network of networks drives P2P, B2B, and G2C payments, offering diverse solutions like Visa Direct, Tap to Pay, and Tokenization. These innovations support businesses, consumers, and governments globally. Technology-Driven Infrastructure: Visa's commitment to blockchain and other decentralized technologies ensures transparent and secure financial services across industries like cross-border payments and supply chain management. Adoption by Major Financial Institutions: Visa's payment infrastructure and innovative solutions have been adopted by leading banks and financial institutions across the world, including HSBC, JPMorganChase, and Citi India, to secure cross-border payments and support global digital transactions. Visa’s purpose is to uplift everyone, everywhere, by delivering the most secure, reliable, and innovative payment experiences, leading the digital finance revolution. A special thanks to Professor daitri tiwary for insightful guidance on understanding the future of digital finance and payment networks. #VisaGlobal #FintechInnovation #UPCProtocol #DigitalPayments #FutureOfFinance #BIMTECH

Just stumbled upon Visa's new Payment Passkey Service, and it's seriously cool. This might not be the hottest topic in Pakistan yet, but it’s a major leap forward in digital payments. Imagine Visa, which has been giving us card numbers for ages, now identifying us not just by those numbers but also by our devices. Talk about a futuristic upgrade. With biometric authentication (think face scans or fingerprint scans), passwords and one-time codes are becoming ancient history. This service, built on FIDO standards, is integrated with Visa's Click to Pay system, making online shopping a breeze—no more fumbling for passwords. And it’s not just for e-commerce. Mobile phones are getting in on the action too. Our phones are basically becoming our wallets, and this tech makes everything from mobile banking to peer-to-peer payments way safer and more convenient. The potential uses are endless. From simplifying online checkouts to boosting security for all kinds of digital transactions, this could really shake up how we think about payments. Plus, with Visa's massive private network and thousands of banks worldwide, this could be a total game-changer. The reach and scale Visa has can bring this innovation to millions, making digital payments more secure and efficient globally. #DigitalPayments #Innovation #Fintech #BiometricAuthentication #Visa #TechTrends

Visa Marks 10 Billion Tokens Since Launching the Technology a Decade Ago - Digital Transactions https://buff.ly/4aJ7oah #payments #tokenization #Visa #10billion #mobilewallets #creditcards #debitcards #ecommerce #mcommerce #pointofsale #fraudprevention #sensitivedata #credentials

🎥 **Visa Tokenization for Secure Digital Payments** 🌐 🔒 **Secure Your Transactions with Visa Tokenization** 🔒 In an era where online transactions have become the norm, it's crucial to prioritize the security of our digital payments. That's why Visa has developed a cutting-edge solution: tokenization. By employing this advanced technology, Visa is revolutionizing the way we make secure online payments, protecting your sensitive information every step of the way. 💳 **How Does Visa Tokenization Work?** 💳 Visa Tokenization is a process that replaces your sensitive payment information, such as credit card numbers, with unique digital tokens. These tokens are securely stored in Visa's robust infrastructure, eliminating the need to transmit or store your actual card details during transactions. Instead, a randomly generated token is used, keeping your payment information hidden from potential threats. 🌐 **Benefits of Visa Tokenization** 🌐 1️⃣ **Enhanced Security**: With Visa Tokenization, your sensitive card information is never shared with merchants or stored on their systems, significantly reducing the risk of data breaches and fraud. 2️⃣ **Convenience**: Say goodbye to the hassle of entering your card details for each online purchase. Visa Tokenization enables you to store your payment information securely, allowing for swift and seamless transactions across various digital platforms. 3️⃣ **Broad Acceptance**: Visa Tokenization is widely supported by a vast network of merchants, making it easier for you to enjoy the benefits of secure digital payments wherever Visa is accepted. 4️⃣ **Flexibility**: Visa Tokenization supports various devices and platforms, including smartphones, smartwatches, and other connected devices, offering you the flexibility to pay using the method that suits you best. 🌟 **Join the Future of Secure Digital Payments** 🌟 With Visa Tokenization, the future of secure digital payments is here. Say goodbye to concerns about data breaches and fraudulent transactions, and say hello to convenient, hassle-free online shopping. Join the millions of satisfied Visa customers who have already embraced this innovative solution. 👉🏼 **Watch the video** share the video #VisaTokenization #SecurePayments #DigitalPayments #FutureOfPaymentTechnology https://lnkd.in/dQnaQx5P

Visa said its token service has been a boon for the Asia-Pacific region’s digital economy. The region saw an “uplift” of more than $2 billion last year due to Visa token service (VTS) adoption, the company announced in a Tuesday (March 26) press release. “VTS replaces the 16-digit debit or credit card number with a unique identifier called a token that only Visa can unlock,” the company said in the release. “Visa tokens secure the payment credential, enabling the transfer of enhanced data, which can help to improve payment success rates and lower fraud rates. These benefits, coupled with ease of use across devices, lead to an improved consumer experience.” Tokens can also enhance payment processing by allowing for more control and enriching data exchange for each transaction, thus preventing legitimate transactions from being declined by payment systems, according to the release. “Consumers and businesses alike expect payments to be secure and seamless, and network tokens are the enabler,” said Previn Pillay, head of merchant sales and acquiring, Asia Pacific, Visa, in the release. “With the authorization uplift and lowered fraud rates, merchants can focus more of their valuable time and resources on product innovation and customer engagement.” Source: https://lnkd.in/e-SNCDD5 Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #payments #paytech #fintechinnovation #financialservices #financialtechnology #financialsolutions #fintechnews 

💳 Are cards turning into digital wallets? Visa’s latest innovation says so. Visa is stepping up in the payments space with its Visa Flexible Credential (VFC)—a new way to think about how we use cards. What is #VFC? It’s a card, but smarter. Instead of sticking to just one payment method like credit or debit, VFC lets you link multiple options—credit, debit, BNPL (Buy Now, Pay Later), or even rewards points—to one card. You can switch between them easily using an app. Real-world examples 🇦🇪 UAE: Liv Digital Bank uses VFC for cross-border payments, connecting multiple currency accounts to a single card. 🇺🇸 US: Affirm empowers cardholders with BNPL functionality wherever Visa is accepted. 🇯🇵 Japan: The Olive Card with 3mn accounts integrates credit, debit, and prepaid into one app-accessible card number, with no visible details on the plastic. The bigger picture 🌱 Cards are evolving to compete directly with digital wallets. 🌱 This shift brings more flexibility, personalization, and new opportunities for banks and fintechs to innovate. 🌱 In the future, we might see features like crypto integration or seamless switching between business and personal accounts. Visa is rewriting the rules of how we pay. Do you see yourself using a card like this, or are digital wallets your go-to? Credits : Panagiotis Kriaris #Fintech #payments #Cards #digitalwallets

What a privilege to speak at the #VPFCEMEA2024 on the critical importance of partnership between #fintech , banks, regulators and #visa My highlight was to connect with clients and see their excitement with the launch of the innovative new Visa Payment Solutions, 🚀👌🏼focusing on digital identity for consumers, “consumers no longer go shopping, they are always shopping” and how do we launch solutions faster and more effectively. 2 snippets from the exciting product launches: 1. Gone are the days of entering your credentials for the 100th time or having multiple cards in your wallet, Visa Passkey confirms that you are YOU, all thanks to biometrics and Visa #innovation, simple and easy! 2. Visa Pay, Visa has listened and heard about the challenges our clients face, especially in #africa, and Visa Pay streamlines this with the following features: - Digital Issuance - Multi currency - Wallet platform - Issuer processing - Open Loop P2P - Tap to pay (Tap to phone) - Fraud and Risk - …. Meena M. Khan Christian Bwakira Tefiro Serunjogi Gabriel Zema Merusha Naidu Clayton Hayward Julian Nariansamy Curtis Vanderpuije Felana Onintsoa Randrianirina

At the annual Visa Payments Forum (May 14th to 16th) in San Francisco, the company presented a new suite of digital-first products and services designed to transform the card industry and meet the evolving needs of businesses, merchants, and consumers, as well as the financial institutions that support them. Here is an overview over some of the key offerings: - Visa Flexible Credentials: This feature allows users to seamlessly switch between different payment methods on a single card product, offering flexibility and customization. Already live in Asia, it will launch with Affirm in the US later this summer. - Enhanced Mobile Tap Features: Visa is introducing convenient functionalities such as Tap to Confirm, Tap to Add Card, and Tap to P2P, making mobile payments smoother and more secure. - Payment Passkey Service: To enhance security and streamline online payments, Visa is introducing Payment Passkey, which replaces passwords with biometric authentication, ensuring secure transactions with just a quick scan of a face or fingerprint. - Pay By Bank: With technology from Swedish acquisition Tink, Visa is expanding into the account-to-account payment space, offering a secure and efficient payment method. Already available in Europe and recently launched in the US, it comes with advanced fraud detection capabilities. - Data Tokens: Visa's data tokenization allows consumers to consent to sharing their data for personalized offers while maintaining control. Through their banking app, consumers can monitor and revoke data access rights, ensuring transparency and privacy. Definitely some interesting developments in the space! (Image by Bloomberg) #Visa #DigitalPayments #Innovation #Fintech #FinancialServices #Technology

Visa's VTAP: A Sign of the Times and What It Means for Your Digital Assets.   The digital asset world is continuing its expansion with a recent move from Visa, a global leader in digital payments, introducing its Visa Tokenised Asset Platform (VTAP), designed to enable digital asset issuance and management. This move by a traditional payments provider is another indicator of where the world is heading—brining ease and simplicity to the purchase of tokenised digital assets using fiat currencies. What does this mean for you? Access to Tokenised Assets: Platforms like VTAP will empower more people to own digital assets, from stablecoins to tokenised commodities and even central bank digital currencies (CBDCs). Simplified Transactions: The ability to purchase digital assets with traditional money removes significant barriers, making the digital asset space more accessible to everyone. But with great opportunity comes the requisite responsibility! As more people start owning digital assets, it's crucial to ensure they are correctly organised and accessible, especially when the time comes to pass them on to your loved ones. At AssetPass, we want to empower you in this emerging market safely and securely. We provide a secure, simple, and user-friendly solution to: Organise Your Digital Assets: Keep track of all your digital holdings in one secure place. Secure Your Legacy: Ensure your assets have the ultimate in protection whilst being accessible to your designated beneficiaries. Peace of Mind: Organised and secured, with the flexibility to adjust according to your lifestyle and wishes.  The digital future is arriving in many different forms, and it's arriving faster than ever. Are you prepared? Learn more about how we can help you safeguard your digital assets through the link in the comments. At AssetPass, we believe that everyone should have the tools to participate in the digital economy confidently and securely. Ian Crowley, Rob Walker, Oonagh van den Berg (Lady) 🐦🔥, Katharine Wooller #Digitallegacy #Digitalassets #Visa #VTAP #CyberSecurity

Are cards now becoming digital wallets? That seems to be the next battle in the complex world of #payments and Visa is putting up a fight with their Visa Flexible Credential (VFC). What is it? Announced on May 15th together with other innovations, it is part of Visa’s strategy to re-invent the card and re-position itself in a world with increasing digital wallet dominance. How does it work? -   VFC is reversing the card logic as we knew it so far by consolidating multiple payment methods into one card. -   This marks a transition from one card with one payment method to one card with many funding sources. -   Instead of having to use one credit or debit card you can now have different funding options (debit, credit, BNPL, rewards points) connected to any card and be able to switch between them via the app. Use cases: -   UAE’s Liv digital bank will use VFC for cross-border payments by connecting multiple currency accounts to single card. Essentially Liv wants to transform x-border payments into local payments (by automatically routing each transaction to the relevant currency account). -   US #BNPL provider Affirm will use VFC to enable Affirm card holders get access to BNPL functionality wherever Visa is accepted. -   In Japan, the Olive card from Sumitomo Mitsui Financial Group – which has reached 3mn accounts – has neither a number nor an expiration date on the plastic, but the credit, debit, and prepaid functions share the same card number, which is accessible through the app. My take on implications: -   Cards are now directly competing with #digitalwallets. -   Higher degree of flexibility, personalization and targeted focus for banks and fintechs. -   Expect to see additional funding sources to be added gradually (i.e. crypto). -   Opportunity to connect ecosystems (bring different capabilities under the same roof). -   Can transform the SMB and SME landscape by acting as a bridge between business and consumer accounts (potential to switch with the same credential). Opinions: Panagiotis Kriaris