Visa CEO praises Apple Pay as a trailblazer for mobile payments

posted onFebruary 12, 2015
by l33tdawg
http://en.wikipedia.org/wiki/Visa_Inc.
Credit: http://en.wikipedia.org/wiki/Visa_Inc.

If Visa could send a valentine this week, it would probably be to Apple, based on the comments of Visa CEO Charlie Scharf on Wednesday.

Speaking at the Goldman Sachs Technology and Internet Conference at San Francisco's Palace Hotel, Scharf acknowledged a number of "false starts" in the mobile payments market over the last several years.

But Apple, he argued, has completely turned that flailing trajectory around. "Apple is the first of the really strong use cases out in the marketplace," insisted Scharf. He posited Apple Pay is exciting because "it's a platform people can see, feel, touch, use, and understand the experience."

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