Visa has opened up its global network with the launch of the Visa Developer platform.
The Visa Developer platform is designed to help financial institutions, merchants and tech companies meet the growing demands of both consumers and merchants. At launch, the platform offers access to some of Visa’s most popular payment technologies and services, including account holder identification, person-to-person payment capabilities, secure in-store and online payment services like Visa Checkout, currency conversion and consumer transaction alerts. What’s more, Visa plans to provide access to more of its payment capabilities over the next year.
“As the leader in payments we have an opportunity to transform global commerce by opening-up access to our global network and supporting our clients, industry partners and innovators in their pursuit of creating new, easier and more secure ways to pay,” said Charlie Scharf, chief executive officer, Visa Inc. “Visa Developer represents not only a new access point to our network, but a new distribution platform for Visa products and services globally.”
Visa notes that companies have participated in beta trials of the Visa Developer platform over the last few months and have already created innovative prototype applications leveraging Visa technology. The creation of the platform has been a multi-year initiative led by Visa’s global product and technology teams, who are transforming Visa’s payment products and services into application programming interfaces (APIs).
Some of the key attributes of Visa’s global developer program include a developer portal that offers an easy way to search Visa’s suite of payment products and services, an open platform that provides access to hundreds of Visa APIs and software development kits for some of Visa’s most popular payment products and capabilities, a testing sandbox that offers application developers a plug and play experience as well as access to Visa test data and Visa Developer engagement centers that are designed to foster collaboration and co-creation with application developers in key markets like San Francisco, Dubai, Singapore, Miami and São Paulo.
“We are unbundling Visa’s full suite of products and services and giving developers open access to the underlying payment capabilities,” said Rajat Taneja, executive vice president of technology, Visa Inc. “We believe this will lead to the creation of entirely new commerce experiences with Visa technology integrated to enable greater security, scale and convenience when it comes time to pay. When you add the ability to distribute those new experiences across Visa’s global network, you can see why Visa Developer will become the preferred playground for developers everywhere.”