What are Visa token services?

19 Dec 2022 By PAYCEC

According to Visa, the token service targets financial institutions looking to attract and retain customers through crypto services, retailers investigating non-fungible tokens (NFTs), and customers conversant with cryptocurrencies.

Hence, Visa Token management services include providing a deeper level of crypto knowledge, allowing crypto payment systems, and supporting operational management.

The Visa Token Service technology replaces important payment account information on plastic payment cards with electronic account numbers, which can be securely stored on mobile devices and used to pay in stores and apps.

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