Visa’s Mobile Wallet Expanding in the UK

Visa’s Mobile Wallet Expanding in the UK

May 11, 2015         Written By Lynn Oldshue

Eighteen months after its launch, Visa Europe’s digital wallet service is finally gaining the support it needs to expand the program throughout the UK. The program was first established in November, 2013, with the intention of improving online shopping experiences for consumers around the world.

Visa claims the wallet saves time when a consumer shops online since it only asks for a consumer to enter an email address and password. In addition, the wallet has enhanced security since the cardholder’s details are shielded from the website.

Visa dropped in the United States, Canada and Australia last year in favor of a similar online wallet known as Visa Checkout. Checkout currently has the support of 260 financial institutions and 140 merchants worldwide, with over four million registered users.’s numbers, while not officially released, have paled in comparison to Visa’s alternative online wallet.

If can match the success of Checkout, this could mean great earning potential for merchants and credit card issuers involved with the program. According to Visa, Checkout has a 69% customer conversion rate, meaning that roughly two out of every three consumers using the program will buy the items they are interested in while using Checkout. Visa claims this rate is 66% higher than the average conversion for online checkout systems.

Only time will tell if can have the same powerful impact in the UK.

The information contained within this article was accurate as of May 11, 2015. For up-to-date information on any of the terms, cards or offers mentioned above, visit the issuer's website. Many of the offers on this article are from our affiliate partners, and may be compensated if you take action with any of our affiliate partners.


About Lynn Oldshue

Lynn Oldshue has written personal finance stories for for twelve years. She majored in public relations at Mississippi State University.
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