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Visa says it will support of the new global QR Code Payment Specifications from EMVCo, the global technical body that manages the EMV Specifications. The specifications cover consumer-presented and merchant-presented QR code payment use cases for digital payment acceptance. QR codes are two-dimensional machine-readable barcodes, used to facilitate mobile payments at the point-of-sale. Visa and the [...]

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Visa will introduced a mobile money service to enable cashless transactions in Kenya, where the majority of wireless payments are transacted through Safaricoms M-Pesa. The mVisa app will initially facilitate transactions for people with accounts at four banks, including KCB Group and Co-operative Bank of Kenya, according to Visa Emerging Markets Senior Vice President Uttam [...]

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