Visa Europe will introduce tokenization by mid-April, a way to pay with your smartphone while keeping your credit card details concealed. This action should speed up the arrival of Apple Pay and other new contactless payment services in Europe, according to TNW.
First introduced in the United States last fall, Apple Pay requires token-based security by Visa, MasterCard, and American Express to work.
According to Visa Europe:
The service supports the continuing fight against fraud, allowing financial institutions to control the environments where the token can be used for example, a token set up only for contactless payments cannot be used to make an on-line purchase. Additionally, if a mobile device is lost or stolen, a token can be easily and promptly disabled.
Apple Pay is likely to arrive in Canada in March. Its also expected to launch in China when iOS 8.3 is released to the public.
All of Apple Pay works on the iPhone 6, iPhone 6 Plus, and Apple Watch. You can make in-app purchases with Apple Pay using the iPhone 6, iPhone 6 Plus, iPad Air 2, and iPad mini 3.