Visa recognizes the growing power of mobile payment

According to Sandra Alzetta, Visa representative, in Europe, mobile Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term will number 52 Billion, monthly, by the end of this year.

She expressed Visa’s aversion to cash, calling it “dirty and inefficient” and its support of a consumer future in mobile payment, saying that smartphones will eventually come with payment solutions already installed, like PayWave and Visa Mobile Wallets. She also indicated that Visa is enthusiastically busy developing key partnerships in order to link payment with smartphones.

Two important targets for mobile payment are in retail where cash is still being used and on an individual basis whereby cash Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term can now be replaced by small mobile transactions. In both cases, Visa feels that the fight for a cashless world is being won: “…we’re thrilled mobile gives us more ways to attack cash.”