Skipify And Visa Partner To Extend Reach And Capabilities Of Skipify's Connected Wallet
Portfolio Pulse from Benzinga Newsdesk
Skipify, a fintech company, partners with Visa (NYSE:V) to enhance its Connected Wallet through the Visa Digital Commerce Program. This collaboration aims to simplify and secure the checkout process by integrating Visa's Click to Pay cards with Skipify's digital wallet, leveraging Visa's tokenization technology to reduce fraud risk. The partnership will expand Skipify's reach and offer a more seamless checkout experience, benefiting both merchants and consumers.
April 04, 2024 | 1:02 pm
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Visa partners with fintech company Skipify to integrate Click to Pay cards with Skipify's digital wallet, aiming to enhance the checkout experience and security through tokenization technology.
The partnership with Skipify is likely to enhance Visa's position in the digital payments market by integrating its Click to Pay service with Skipify's innovative digital wallet. This collaboration not only aims to improve the checkout experience for users but also to expand Visa's reach and adoption of its payment solutions. The use of advanced tokenization technology is expected to reduce fraud risk, further strengthening Visa's offering. Given Visa's significant role in this partnership and the potential for increased usage of its digital payment solutions, this news is likely to have a positive short-term impact on Visa's stock.
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