Visa unveils API platform, Visa Next

By Olivia Minnock
Leading payments provider Visa has released a set of beta-APIs under its Visa Next platform. The APIs will allow on-demand digital payment accounts th...

Leading payments provider Visa has released a set of beta-APIs under its Visa Next platform.

The APIs will allow on-demand digital payment accounts that seamlessly combine multiple digital services, with the aim of changing the way users access and manage funds.

It will also be easier to use digital tokens, with users able to activate or tokenise digital accounts for ecommerce or mobile wallets.

SEE ALSO:

The Visa Next platform will also allow the delivery of data about transactions in real time.

Visa hopes that its use of APIs will “bring to life the next generation of digital-first payments”.

Sam Shrauger, a Senior Vice President at Visa, explained some potential use cases for Visa Next. “Imaging if parents could instantly create a Visa card on their mobile device and send it to their child’s phone for immediate use… they could also set parameters around where, when, even how long the child can use this card – and adjust these controls at any time via their own mobile device.”

Share

Featured Articles

Why Web3 payment services will overcome legacy limitations

Mark Smargon, founder and CEO of Fuse, discusses how Web3 will transform the payments space and overcome financial legacy limitations

Interview: We asked a chatbot what it thinks about chatbots

We interviewed ChatGPT, the text-based chatbot taking the internet by storm, about the future of artificial intelligence (AI) in banking and finance

The challenges of address data in cross-border payments

A truly global solution is critical to meeting cross-border needs at scale, writes Loqate, a leading developer of global address verification solutions

Top 10 fintech disruptions to watch out for in 2023

Financial Services (FinServ)

PBF CEO, Morgan McKenney on blockchain, DeFi & tokenization

Crypto

UAE-based BNPL fintech Tabby secures $58mn in Series C round

Digital Payments