006 007 TREND #01 From Card to Cloud We’re quickly moving toward a world where seamless payments work securely, anywhere on any device or with any form factor. Innovation in commerce has always been about reducing friction and providing a better consumer experience. As technology evolves whether it be to Seamless digital contactless cards or wearables, payment payments only need security and convenience must evolve with it. account information Consumers spend approximately to enable commerce 11 hours online every day, enjoying anywhere, anytime. the power of “instantism” at their fingertips (Nielsen, June 2016). When they can find anything they need within seconds, the payment experience slips into the background and becomes part Visa has enabled the growth of merchant- And now, for merchants eager to harness of the overall experience—rather than QR Codes Everywhere presented QR code payments in 15 countries the power of QR code payments, the Visa an additional step they need to seek around the world with its innovative mobile Ready Program has adopted interoperable QR out and complete. payments solution, mVisa, which allows standards to develop tools and capabilities consumers to pay for goods and services that help ease generation and deployment of In this new world, think of consumer by scanning a QR code on a smartphone or QR codes and merchant numbers by banks, credit not in terms of cards, but in entering a merchant number into their processors, and merchant aggregators. Once terms of accounts. The question is no feature phones. enrolled, merchants can accept payments from Payment goes straight from the consumer’s any country or bank, knowing that Visa will longer where Visa is accepted, but Visa account into the merchant’s account and efficiently process transacations in accordance how it’s accepted: via any device, Usage of online and mobile- with Visa's security standards. pponly banks has increased 7 pp provides near real-time notification to both meeting consumers in their existing 7 (or percentage points) since 2016. parties. mVisa is completely interoperable, digital hangouts. bringing the same convenience, security, and reliability provided by the trusted Visa brand.