Visa Europe announced that some of the UK’s largest high street banks intend to launch the V.me digital wallet services in 2015, offering their customers a convenient and secure way to purchase goods online.
Lloyds Bank, Halifax, Bank of Scotland, and TSB Bank plan to launch their own bank-
branded digital wallets in the coming months, joining Nationwide Building Society in offering the service. New names are expected to be announced in the coming months as the service expands in the UK throughout the year.
“There has been a huge shift in the way consumers shop and pay for goods, cash is no longer king. We are delighted to be able to offer our customers V.me; a simple, secure and convenient payment service offered by a trusted brand,” says Andrew Ducker, Lloyds Banking Group Head of Retail Payments.
“We are committed to providing our customers with new ways to pay, be it contactless in store or a simple one click solution online. By introducing Lloyds Bank, Halifax and Bank of Scotland wallets later this year all our customers will benefit from increased ease of making payments online, whilst being confident that these payments remain protected and safe.”
“Online purchases are increasing three times faster than in store and 40% of click and buys are now on a smartphone or tablet. Shopping on the go is becoming the norm which means payment needs to be quicker, simpler and more convenient to match,” continues Wendy Martin, Executive Director, V.me by Visa.
The adoption of V.me by some of the UK’s biggest high street brands demonstrates the appetite for change and innovation; we want to make the online payment experience as seamless as possible, end the frustration for retailers and customers and eliminate the causes of abandoned online shopping baskets.”