Visa Direct

Credit Cards & Transaction Processing · Australia · 978 Employees

Technology is changing the customer banking relationship. Customers who use mobile banking are more loyal, satisfied and stronger advocates of their bank than customers who do not use digital banking channels. The Visa-RFi Group Australian Payments Report reveals the attributes of the digital customer and why payments lie firmly at the heart of the banking relationship. While Australia leads the world in adopting many new ways to pay, there is one segment where services have not kept pace with changing consumer trends: paying each other or paying from a business to a customer. This report discusses the largely untapped opportunity for Australian financial institutions and merchants to meet the growing demand for fast, frictionless direct payments to anyone, anywhere. Watch this video to learn more about Visa Direct, Visa's innovation to simplify and enable push payments. Moodys Analytics has completed a study to analyse the impact of electronic payments on economic growth across 70 countries that makes up almost 95% of global GDP. The study found that electronic payments contributed $296 billion (USD) to GDP across the countries studies over a 5 year span 2011 to 2015. The increased use of electronic payment products also created job opportunities and was a major contributor to consumption and increased production. The digital revolution has created an almost unlimited ability to participate in commerce. New payment experiences through mobile, tablet, PCs and future connected devices present major opportunities for our industry. As these new payment experiences evolve, so must the security measures that protect consumers confidential account information. This white paper discusses tokenisation, a new layer of security for digital payments that opens the door for new ways to pay. Accepted, convenient and secure, Visa is the payment brand of choice for travelers venturing across town or across the globe. The Visa Travel Intentions Survey is the most comprehensive survey of its kind that monitors and analyses ...Read More

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