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Visa's V.me Mobile Wallet To Compete With PayPal

V.meIMG.jpg

Yesterday, Visa unveiled its V.me mobile wallet that will compete with PayPal in "card number-shielded" online/mobile payments. 

Key features:

  • Use on PC, tablet, or mobile device
  • Use multiple cards
  • Need only username and password to checkout online

V.me hopes to differentiate itself from PayPal by also supporting payments at the physical point-of-sale. However, PayPal is working on that as well. 

VisaScrnSht.jpg

The service is currently invite-only in the U.S. and Canada, but Visa hopes to make it publicly available in early 2012.

To learn more about Visa, watch its FinovateSpring 2010 demo.

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