Home Visa targets universal payment system
 

Keywords :   


Visa targets universal payment system

2016-07-04 11:12:00| Telecompaper Headlines

(Telecompaper) Visa plans to work on a universal payments system in order to respond to the growth in connected devices capable of making transactions. The company also plans to open its network to existing domestic national payments systems, chief executive Charlie Scharf told Les Echos in an interview. Opening up Visa's network to connected devices and the rapid replacement of cash payments by electronic transactions will require massive investment and this led to the company's recent EUR 13.3 billion purchase of Visa Europe, which was completed last month, Scharf said.

Tags: system payment visa universal

Category:Telecommunications

Latest from this category

All news

»
22.11ONE PIECE 1109
22.1190old
22.11SHIMANO
22.11Hi-STANDARD growing up
22.1111th ANNIVERSARY SPECIAL SET
22.11 3
22.11
22.11MSR LIGHTNING ASCENT25
More »