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Visa introduces new mobile payment systems in Europe

May 1, 2012

The largest credit card company in the world recently announced that it would be introducing a mobile payment system in Europe in the fall.

The largest credit card company in the world recently announced that it would be introducing a mobile payment system in Europe in the fall.

Visa will introduce its V.me service that gives smartphone users the chance to use one account online to pay for items. The program will be first introduced in France, Spain and the United Kingdom, and will be available for clients of Visa’s member banks. The company is working with WorldPay to make sure the program meets the needs of merchants, hoping to increase convenience levels and take the next step in payment evolution.

“V.me sits at the heart of Visa’s future of payments,” Mariano Dima, executive vice president of product and marketing solutions for Visa Europe, said in a statement. “For the first time, consumers and retailers will have a streamlined online checkout experience through an acceptance mark that offers industry-leading security and, when a Visa card is used in a V.me wallet, the same protection and rights that come with any Visa card transaction.”

Other major brands are making progress when it comes to European mobile payments. Barclays recently announced that it had launched the Pingit mobile payments app for consumers using Barclaycard.

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