Visa, Samsung Announces Global Alliance To Accelerate NFC Payments

Posted on Feb 26 2013 - 11:08am by Editorial Staff
Samsung

Visa and Samsung together has announced a global alliance combining Visa’s expertise in payments which significantly accelerate the availability of mobile payments globally. The alliance will results in having the Samsung’s mobile technology to help accelerate the NFC-based smartphone payments while Samsung agreed on to load the Visa payWave applet onto its mobile device featuring NFC technology.

“Samsung devices enabled with Visa payment functionality will no doubt be a powerful product offering – especially in markets where paying with a mobile device is becoming commonplace,” said Jim McCarthy, global head of product, Visa Inc. “However, the key to making mobile payments broadly available all over the world is to offer financial institutions a secure way to provision millions of smartphones with payment account information – and that is exactly what Visa and Samsung are ready to deliver.”

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Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.