Tag - V.me
Visa has launched its online digital wallet in parts of Europe, one it initially announced in April last year, as the company tries to take on PayPal and Google Wallet. V.me by Visa is able to store payment details for multiple cards, which can then be used to make payments with retailers online instead of providing debit or credit card details.
Visa Europe on Monday revealed that its V.me by Visa digital wallet service will launch in the fall in the UK, Spain, and France. At the same time, payments processor WorldPay will be a key development partner of the platform in the UK. More partners, such as banks and retailers, will be named before the autumn.
Visa has reportedly chosen the label V.me to represent its upcoming digital wallet service, which will be paired with a developer program. The service aims to compete with PayPal and other alternatives, providing users with a quick way to make web-based payments without typing in a full credit-card number.