Benzinga - by Lekha Gupta, Benzinga Editor.
Visa Inc. (NYSE:V) shares are trading higher on Friday. The company partnered with Skipify to boost the reach and capabilities of Skipify’s connected wallet.
With this agreement, Skipify aims to reinvent how consumers transact, leveraging technologies to simplify and accelerate the payment process.
By combining Visa’s digital payments expertise with its advanced digital wallet, Skipify aims to deliver convenience and security to consumers at checkout.
Mark Nelsen, SVP, Regional Product and Innovation at Visa said, “We’re empowering businesses with convenient and secure ways to accept payments, giving them the opportunity to enrich consumer experiences and get even closer to their shoppers,”
“Skipify has been an incredible partner because of their dedication to our merchants and cardholders. We’re delighted to drive this next wave of innovation in payments with them.”
This week, Visa unveiled Subscription Manager, a centralized service simplifying subscription tracking for cardholders.
Investors can gain exposure to the stock via the iShares U.S. Financial Services ETF (NYSE:IYG) and SPDR Select Sector Fund – Financial (NYSE:XLF).
Price Action: V shares are up 1.3% at $277.77 on the last check Friday.
Now Read: March’s ‘Blowout’ Jobs Numbers Underscore ‘American Exceptionalism’: 5 Economists Analyze 2024 Rate Cut Implications
Image: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.