Visa Asia Pacific Launches Visa Wave Contactless Card
Visa Asia Pacific has announced Visa Wave, the first ever Visa contactless smart card.
Visa Wave represents a major milestone in contactless card payment and chip innovation. Payments are done via Radio Frequency (RF), much like those used in mass transit environments. By simply holding the Visa Wave card at a close range from the specially installed payment reader, the card will be detected. Visa Wave is built on interoperable standards, including full compatibility with the global EMV smart card specification that is currently being adopted by banks around the world and in Asia Pacific. Visa Wave can also be used at conventional EMV contact readers in contact mode.
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