Digital Payments: Tokenization – e-Commerce
For TR-TSP’s and TR’s supporting ECOM/COF use cases. Allinpay launched VTS solution with one gaming merchants in Jan, which serves international players to reload the value points for Chinese games, or even Alipay and WeChat wallet accounts. With VTS solution, it eased the re-purchase of consumers and improved the transaction successful rate.
Tokenization - eCommerce
Mobile Client Application
Visa tokenization technology is based on the EMVCO payment tokenization standard and is aligned with EMV technology, the global standard for secure payments, supporting the entire payment ecosystem. In the future, Visa will strengthen the deployment of its Visa Token service and provide relevant solutions to domestic market partners, including card issuers, IoT participants and merchants. By promoting VISA token service, we can better support the business of online merchants (e.g. eCom sellers, OTA, gaming, etc.) to provide seamless and secure payment solutions, enhance the online acceptance environment of international VISA card, so that more merchants can accept Visa domestic or international card transactions, expand their business scope and sales growth.