Though it will be launched in the United States and Canada first later this year, Visa is planning is planning to launch the services in many emerging countries including India.
Visa, the world's largest credit and debit card processing network, is all set to launch "mobile wallet" services that would allow users to pay for goods and services through their mobile phones.
"We are introducing new solutions for eCommerce and mobile devices that provide the same 'Visa-quality' experience--convenience, reliability and security--people enjoy when using their Visa cards at a retail location," said Joseph W Saunders, chairman and chief executive officer of Visa Inc.
The digital wallet will store Visa and non-Visa payments accounts, support NFC payments through the Visa payWave application that would allow eCommerce, mobile commerce, micropayments, social networks and person-to-person payments.
