Why Visa Is Betting on the Internet of Things for Digital Payments
From cars to fridges
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COLOGNE, GERMANY—From a connected car app that tells you when it’s time to fill up your tank to a ring that lets you pay for things in stores, Visa has made a big bet on the so-called Internet of Things and is working to find new physical items to plug payment technology into.
“We’re looking to make sure that anything that wants to be payment-enabled, anywhere where there’s a demand for something to be payment-enabled, that we’re working in partnership with those who are building those products [and] bring those services to market,” said Chris Curtin, chief brand and innovation officer at Visa.