google.com, pub-2762820915666464, DIRECT, f08c47fec0942fa0
technologyplus.pk
Technolog & Business News from Pakistan

- Advertisement -

Visa Brings Simplicity and Convenience to Booming Subscription Economy

- Advertisement -

New Subscription Manager service lets consumers track subscriptions at a glance.

Karachi: Visa (NYSE: V), a world leader in digital payments, today announced the launch of Subscription Manager, a new, all-in-one service for financial institutions to provide Visa cardholders with a simple, convenient way to track their subscriptions, all from the palm of their hands.

Elevate raises $5 million to offer US based $ accounts in emerging markets like Pakistan!

- Advertisement -

The global subscription market is on a steady rise, expected to reach a staggering $406B by 2025 . As the trend of consumers subscribing to services in sectors such as retail, food and more increases, so does the challenge of managing their payments.

Visa’s new Subscription Manager streamlines key aspects of recurring payments in one place, allowing cardholders to see where their card details are stored, view which recurring payments are attributed to their card, and stop recurring payments.

ALSO READ  Samsung Wins 46 CES 2023 Innovation Awards

- Advertisement -

“Navigating through each platform’s unique terms can potentially lead to unnoticed charges, even after a subscription is cancelled,” said Leila Serhan, Senior Vice President and Group Country Manager for North Africa, Levant and Pakistan region. “Our goal is to make this process simpler and ensure cardholders know exactly where their money is going, and when.”

As consumer expectations for seamless, secure digital payments grow, it’s crucial for issuers to keep pace. A forthcoming Visa report supports this trend, revealing that 63% of surveyed consumers are comfortable with a future that relies entirely on digital money . The rapid introduction of new digital financial tools and services is propelling this shift, with consumers increasingly turning to apps and mobile wallets to manage their finances. The same report also found that over half of the consumers surveyed have adopted the use of mobile wallets in just the past year .

ALSO READ  foodpanda now brings Pharma Products, Lab Services and Teleconsultation to Customers

Subscription Manager is the newest addition to Visa’s Digital Enablement product suite, a comprehensive set of tools and flexible solutions aimed to help issuers offer better digital experiences for their cardholders. The new solution supports Visa’s ongoing efforts to increase transparency and control in the subscription economy, building on initiatives such as its 2020 mandate that requires merchants to obtain cardholder consent after free trials or introductory promotions before initiating billing.

ALSO READ  Visa Announces The “Visa Eco Benefits” Sustainability Bundle To Empower Banks To Meet Climate-Conscious Consumer Demand

Millat Tractors to Export 3,000 Tractors in FY24
Subscription Manager is currently available in Pakistan. For more information on this, as well as Visa’s issuing solutions and other value-added services for businesses, please visit the Visa Developer Center.

- Advertisement -

- Advertisement -

- Advertisement -

Leave A Reply