During the Mobile World Congress in Spain Visa today announced the international rollout of their e-commerce payment solution Visa Checkout.
Credit cards have slowly become harder to use online with additional layers of security that make it more difficult to complete a transaction, especially on mobile.
MasterCard's solution is MasterPass and Visa has its own Visa Checkout. They both store the credit cards digitally so that the consumers do not need to provide the information every time they shop. There are also less security layers and overall a smoother transaction in online stores.
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MasterCard recently reported success in the US with Walmart using MasterPass. The retail giant has also jumped aboard Visa Checkout. Both solutions are basically a better experience for credit card users and it is no surprise the world's largest retailer will use them online.
- We’ve seen great results in the US, and we know that as our global expansion continues, we can help drive positive results for more merchants and their consumers everywhere, said Sam Shrauger, senior vice president of digital solutions, Visa Inc.
Visa Checkout will be available to merchants and consumers across France, Ireland, Poland, Spain and the United Kingdom this year. Merchants in India will also get access to Visa Checkout during 2016.
The company is extending its international availability as e-commerce is increasing in usage among consumers across the world, particularly on mobile devices, Visa explains.
- The incredible growth in connected commerce makes this the perfect time to bring Visa Checkout to the hundreds of millions of connected consumers using mobile devices across Europe and India today, said Sam Shrauger.
Since its introduction in 2014 Visa Checkout has launched in 16 countries around the world. Europe and India is next and by the end of 2016 the online payment solution will be available in 22 markets. 250,000 merchants are now accepting the payment method according to Visa.