Visa Europe has announced two additions to its Visa Personal Payments mobile service that will enable consumers to make instant transactions from their mobile phone to any Visa cardholder in Europe, in any European currency.
The Multi-Currency feature, to be available by the end of 2013, allows payments to be sent and received across borders, bringing international money transfers to mobile devices. Immediate Payments, launching in the UK this week with other markets to follow later in the year, makes it possible for consumers to receive money sent via Visa Personal Payments in a matter of minutes.
Sandra Alzetta, Senior Vice President, Visa Europe, said:
"Mobile payments have the potential to fundamentally change the way that people pay and are paid. The new Multi-Currency and Immediate Payments features combine the convenience of mobile device use with the ability to send money to 460 million Visa cardholders across Europe, solving a problem that millions of consumers face every day – giving money to another individual easily and securely."
Visa Personal Payments is a person-to-person payments service that enables anyone with a Visa credit, debit or reloadable prepaid card to accept payments from another Visa card without needing to share any account details.