Visa has disclosed plans to strengthen its payment infrastructure by leveraging Artificial Intelligence, AI, stablecoin and tokenisation technologies to improve payment experiences for consumers and businesses.
The company said the initiative is aimed at providing the infrastructure and intelligence needed to drive innovation across both the front- and back-end of payments as commerce becomes increasingly intelligent, programmable and embedded in everyday experiences.
Regional President for Central and Eastern Europe, the Middle East and Africa, CEMEA, Tareq Muhmood, said the rapid evolution of digital commerce presents significant opportunities, while also increasing the need for trust and interoperability.
Muhmood said: “For companies serving the digital economy the opportunity is significant, but so is the need for trust and interoperability. Visa is focused on providing the infrastructure and intelligence to innovate confidently across the front- and back-end of payments and deliver better experiences for the consumers and businesses they serve.”
Meanwhile, Visa said given that AI is reshaping how transactions are initiated, authorized and trusted, it is also accelerating how new commerce experiences are designed, developed and delivered.
