Visa Wallet is a new payment service that will change how people do their payment and other monetary transactions. This payment system aims to make it easier and more convenient for users to transact. How does it work?
Visa Wallet will store Visa and non-Visa accounts and enable NFC (Near Field Communication) payments with the use of Visa payWave application, so people can easily use the system for eCommerce, mobile commerce, micropayments, and person-to-person payments.
With Visa Wallet, users can now conveniently shop online just by simply entering an email address, their online ID and their password instead of going to all the trouble of typing their billing address, account number and expiration date, just like what most people do now. You can also store multiple Visa or non-Visa accounts on the system and use it for mobile payments, online payments, or retail stores that support NFC.
If you are concerned about the security of using this system, Visa gives you the option to set your preferences and privacy settings. You can customize and control the use of your account so you can rest your worries.
Another great feature of this service are the merchant offers and discounts you can take advantage of while using Visa Wallet. Visa has partnered with local businesses to bring you the hottest deals.
Big companies, like Google and Apple, have launched their own mobile payment services. Visa already has millions of users nationwide, and this change will affect more people. The only drawback is the limited number of merchant locations supporting NFC systems.