RBS Partners with Visa V.me Digital Wallet

Vme by Visa

Visa Europe has announced that RBS and NatWest customers will be the first to be able to use the Visa V.me digital wallet service when it launches in the UK in early 2013.

Vme by VisaV.me is currently being trialled by a number of RBS and NatWest customers, ahead of the full rollout which commences in spring next year.

The V.me digital wallet allows customers to complete online purchases through an internet browser, laptop, smartphones or Tablet device, but doesn't yet include contactless payment support. Instead, V.me is desgined to complement existing NFC payment services on offer from Visa.

However, it is expected that the V.me service will evolve, and in the future could include NFC payments at point of sale and person to person.

Visa state that V.me is a key part of their future payment strategy, and reflects Visa's continued commitment to payment innovation.

“As a business we are very excited by this partnership with Visa and the development of V.me,” said Steve Rubenstein, Director of Everyday Banking at RBS. “We believe that a proposition which reduces the effort of buying things online, while also improving security, for our customers is exactly the sort of thing we want to deliver. V.me clearly delivers this and we look forward to offering it to our customers in 2013.”

The deal with RBS is the first of what Visa hope will be many agreements with other financial institutions in the UK, with the service also set to launch in other European countries in 2013, including France and Spain.

Mariano Dima, Executive Vice President of Product and Marketing Solutions at Visa Europe, said: “We are delighted to announce RBS as the launch partner for Visa Europe's V.me digital wallet in the UK. Visa is committed to making online payments even easier and more secure, and our partners such as RBS are helping us make this vision a reality. It is our intention to make the V.me brand as trusted and well known for digital payments as the Visa brand is on the High St. today.”