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- Visa (NYSE:V) extended its digital wallet capabilities in its Commercial Pay line of business-to-business products built in partnership with Conferma Pay, a provider of virtual payments technology, Visa said on Monday.
- The capability allows financial institutions to add virtual corporate cards into an employee's digital wallet, including third-party wallets like Apple Pay and Google Pay, to improve convenience, security, and flexibility for corporate users, it said. That comes as Visa (V) Commercial Pay expands across the Latin America & Caribbean region.
- The new Visa Commercial Pay Mobile app will provide a commercial token account with configured payment controls, allowing for an efficient payment experience across both Point of Sale and CNP payment methods.
- Regions Bank (RF) will be the first Visa collaborator to introduce the enhanced digital wallet capability for its Treasury Management customers.
- After its launch in Asia-Pacific, Europe, the Middle East & Africa, and North America, Visa Commercial Pay will be available for customers in Latin America & the Caribbean later in 2024.