Visa announced the launch of a next-generation digital wallet service to streamline electronic payments online, on a mobile phone, or offline at the point-of-sale. This is a big deal.
The platform allows consumers to create a digitized version of their actual wallet, in which they load all their cards, whether Visa or not.
This next generation system also uses near-field communications to let consumers swipe their phones at store terminals to make payments.
Say goodbye to your leather wallet.