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Fintechbits
Home » Visa Unveils Groundbreaking Payment Innovations at Global Fintech Fest 2024
Technology Innovations

Visa Unveils Groundbreaking Payment Innovations at Global Fintech Fest 2024

3 Mins Read
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HDFC Bank All-in-One Point of Sale Device: HDFC Bank has launched an all-in-one POS, a compact payment device for merchants that integrates Point of Sale (PoS), QR code scanning and Soundbox. As a network partner, Visa is collaborating with HDFC to accelerate acceptance at new touchpoints and increase digitisation across a wider merchant base.

Paytm NFC Card Sound Box: Visa, in partnership with Paytmlaunched Paytm NFC Card Soundbox — India The first two-in-one device that combines mobile QR payments with an affordable payment terminal for offline merchants. This device facilitates debit/credit card and QR code scanning payments, simplifying transactions for millions of merchants.

Neo for Merchants by Axis Bank and Visa: Axis Bankin collaboration with Visa and Mintoak, launched Neo for Merchants, a comprehensive mobile application for payment acceptance, transaction reporting and service requests. The application provides convenient and efficient omnichannel payment acceptance and delivers valuable business insights to help merchants and small businesses grow, thrive and compete in a digital world.

PayU Push provisioning powered by Visa: PayU, in partnership with all major card networks including Visa, has announced the launch of its advanced Push Provisioning platform. This solution facilitates seamless sharing of card tokens between merchants and banks through a single platform.

Ashva Metal Credit Card from IDFC First Bank and Visa: Visa and First IDFC Bank have launched the Ashva Metal Credit Card, which combines luxury, high-value rewards, exceptionally low foreign exchange margin and complimentary lounge access, both domestically and internationally. This Infinite Metal Credit Card is aimed at premium customers with exclusive benefits.

CRED in-app card payment experience with tokenization: Visa and CREDIT have launched a new in-app payment feature using device tokenization. This feature, initially available exclusively to CRED members, improves security and convenience by eliminating the need to store sensitive payment data on merchant sites. Once a card is tokenized on a trusted device through CRED, it will be available for use across multiple merchant apps offering CRED Pay, removing the need for separate tokenization for each merchant.

Pine Labs Mini Device: In collaboration with Pine LaboratoriesVisa has introduced the Pine Labs Mini, a Soundbox-enabled device that supports QR, NFC and card payments. The device aims to increase digital payment acceptance in Tier 3 to Tier 6 cities by providing a more advanced and eco-friendly alternative to traditional printed QR codes, thereby offering a low-cost point-of-sale solution for merchants.

HSBC Premier Signature Debit Card: In collaboration with HSBCVisa has launched the HSBC Premier Signature Debit Card. This premium card offers a range of exclusive benefits, including VIP hotel perks, higher spending limits, special dining offers and global airport assistance, designed to meet the needs of discerning customers.

Push Provisioning with AU Small Finance Bank and Juspay: Visa has partnered with AU Small Finance Bank and Juspay introduce an innovative Push Provisioning solution. This new technology allows cardholders to seamlessly tokenize their payment information through their issuer’s app, significantly improving the security and convenience of digital transactions.

About Visa

Visa (NYSE: V) is a global leader in digital payments, enabling transactions between consumers, merchants, financial institutions and governments in more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone, everywhere, create a better future for everyone and recognize access as fundamental to the future of money. Learn more at Visa.com.

Photo: https://mma.prnewswire.com/media/2493384/VISA_Global_Fintech_Fest.jpg

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