Visa has announced that it will roll out the Visa Installment Credential (VIC), a dedicated credential for Buy Now Pay Later (BNPL) products, in Japan.
VIC is a new product developed by Visa for card issuers to enable more flexible installment/deferred payment at Visa affiliated stores around the world, and card issuers can use VIC to more easily provide payment options such as interest-free installment payments to their customers. This is the first time that this BNPL dedicated credential will be rolled out in Japan.
In conjunction with the full-scale rollout of VIC, Visa will also launch “VIC in a Box,” a support program for fintech businesses considering providing BNPL payment services using the credential. “VIC in a Box” is a framework that aims to support fintech businesses in launching payment services using VIC by introducing them to partner companies participating in “VIC in a Box,” enabling them to launch products more quickly through collaboration between the fintech businesses and the partner companies.
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
