MWC 2013: Visa, Samsung sign global alliance agreement to accelerate NFC m-payments

Visa and global device manufacturer Samsung have signed an alliance agreement to enable Samsung mobile devices with Visa payment technology and to partner with financial institutions to accelerate the availability of mobile payment solutions globally.
Under the agreement, financial institutions that are planning to launch mobile payment programs will be able to use the Visa Mobile Provisioning Service to download payment account information to NFC-enabled Samsung devices. In addition, Samsung has agreed to load the Visa payWave applet onto its mobile devices featuring NFC technology. Visa payWave is Visa’s mobile payment applet that enables consumers to make “wave and pay” contactless payments using mobile devices.
In recent news, Visa has launched a new partner program designed to accelerate the introduction of payment solutions globally and further drive the global migration from cash to electronic payments.


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