Visa has announced that its Token Service will be expanding into 12 further European countries by the end of 2017. Launched in 2014, the offering, which underpins mobile payments services such as Apple and Android Pay, is currently available in 27 countries, including France, Ireland, Poland, Switzerland and the UK, with more than 1,300 financial institution partners. The announcement came at the launch of Visa’s new Innovation Center in London.

Sandra Alzetta, Executive Director Digital Solutions for Visa, says: “Since 2015, we have seen people throughout Europe embrace mobile payments. Next on Visa’s horizon is expanding our token service to give merchants an easy way to safely store the customer account information they keep on file and enabling secure commerce with a broad range of connected devices.”

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by Alex Hamilton
Alex is Senior Reporter at IBS Intelligence, follow him on Twitter or contact him at: alexanderh@ibsintelligence.com
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