Can you pay with it now?

Visa is driving the future of payments inside everything from smart fashion to smart cities.

The Internet of Things (IoT) revolution is changing the world as we know it. Point of sale is no longer a destination—it’s wherever and whenever the customer wants it. Visa is helping drive this transformation by providing platform-level technologies that enable partners to create and innovate. It’s these new ideas that will ultimately shape the future of payments and help people lead frictionless lives.

Person pointing at watch

Visa is partnering with device manufacturers to offer integrated payments for wearables that blend function and style.

Wearables

Right now: Today’s wearable devices provide more ease and utility than ever. Beyond tracking just fitness and health, next-generation wearables, like the new Fitbit Ionic and Garmin vivóactive 3 smartwatches, allow people to enhance their on-the-go lives with easy and more secure contactless Visa payments, thanks to tokenization technology.

What’s next: Welcome to the world of smart fashion. Payment technologies will be available in a range of clothes and accessories that enable you to communicate, plan and pay without having to reach for your wallet or phone. Built-in batteries will be thin, flexible and efficient, minimizing or perhaps even forgoing the need to recharge. Clothing will be packed with technology, making what you wear functional and comfortable, all while reducing the burden of multiple screens.

Person scrolling through apps on watch

Car driving down road

Visa is teaming up with automotive innovators to create an entirely new driving experience.

Cars

Right now: Cars are getting smarter with driving-assistance technology, including mapping, alertness and speed-limit compliance. With equal emphasis on convenience and safety, Visa’s contactless technology is enabling proximity payments for essentials like parking and gas—without ever having to leave the driver’s seat.

What’s next: The car becomes your personal assistant on wheels. According to Gartner, by 2020, there will be 250 million connected cars, offering new interaction points for Visa’s payment technologies. We think these smart platforms will open the door to new consumer actions while traveling from everyday purchases, like ordering food to go, to making DMV and insurance payments all from the comfort of your car.

Man looking at apps on car touchscreen console

House broadcasting wifi signal

Visa’s voice-directed payments technology will help shape the future of networked home commerce.

Appliances

Right now: Cloud-based smart speakers, which use voice control to manage all your connected smart appliances, provide the information you need to easily communicate and organize your life. The convenience and efficiency delivered by the connected home is already changing how we live our lives—from customizing the temperature and lighting, to shopping and managing personal finances.

What’s next: IoT takes “smart” into the realm of truly intelligent. Future smart home appliances will become integrated to create a living environment that’s personalized and more secure. Think embedded touch screens and microphones—and a home that anticipates your needs. We envision the future smart home will remember your preferences and past purchases, from paying bills and grocery shopping to travel planning and gift giving, and suggest relevant items and actions.

Woman looking at apps from washing machine

View of city from above

Visa’s technology will empower new efficiencies, simplify transactions and make payments more secure.

Cities and Government

Right now: Cities around the world are leveraging IoT to gain insights, cut costs and propel new business models. IoT is also enabling data gathering to inform every element of city living, from street lighting to waste management. While the specifics of each smart city vary, one common core element is the extensive use of digital payments. Visa’s technologies are already helping make urban life easier and more efficient for citizens and governments by fostering economic growth and more secure payment options.

What’s next: We envision the future smart city will be a fully integrated system, creating a responsive world that benefits the environment, people and government. IoT-based commerce could stimulate long-term economic growth by improving productivity, employment rates and wages. According to a recent Visa report, Cashless Cities: Realizing the Benefits of Digital Payments (link to: https://usa.visa.com/visa-everywhere/global-impact/cashless-cities.html), increasing digital payments across 100 cities could result in a combined net direct benefit of $470 billion a year, or over 3 percent of an average city’s GDP. Smart payments technologies can enable more efficient government services, providing convenience for citizens who will be able to smart pay for everything, from taxes to public transportation.

Man waiting for train

Two people walking down the street in front of a shop

Visa’s innovative payment technologies are improving the shopping experiences for retailers and consumers, while keeping financial transactions secure.

Retails

Right now: The mobile revolution is driving commerce and enabling more interactions with consumers. Increased security and flexible points of sale mean that the divide between digital and in-person is rapidly disappearing. IoT payment technologies have made it easier than ever to help consumers find—and pay for—products, as well as use coupons, points and other rewards. For retailers, access to information as it happens improves the shopping experience for consumers and makes managing inventory, staffing and supply chains more efficient.

What’s next: IoT will completely revolutionize retail, whether it's e-commerce or brick-and-mortar. Visa’s payment technologies can provide the ability to complete more secure transactions anywhere with any enabled device. As consumers become more and more accustomed to the convenience and ease IoT brings to their lives, they’ll be expecting personalized and efficient shopping experiences. Best-in-class retailers will provide product information that’s tailored and responsive to each shopper.

Man on his phone looking at app

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