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Visa Extending Payment Platform Following Apple Pay

Ryan Mclnerney, global president of Visa Inc, speaking at this morning’s Mobile World Congress (MWC) keynote on digital transactions and social interactions, said the huge effort involved in helping Apple Pay get off the ground has put it in a position to help others, including mobile operators, launch rival mobile payment services. “We are the payment engine underneath Apple Pay, and we had 700 people working on it for 18 months before its launch last year,” said Mclnerney. “We wanted to build a platform and system that would be scalable, reliable and safe – but not just for Apple Pay, but to build a system that had open architecture, was form-factor, handset and platform agnostic, and allowed our partners to build their own payment products.”

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