Six German banks are set to launch Visa payWave-enabled contactless services.
BW Bank, comdirect, DKB, Landesbank Berlin, TARGOBANK and Volkswagen Bank have confirmed their plans for a contactless roll-out by the middle of 2012.
“The retail industry in Germany has almost completed its switch to EMV technology. The implementation of contactless and NFC represent the next step in our journey towards the future of payments,” says Ottmar Bloching, general manager Germany at Visa Europe. “Our work in other European markets has shown that contactless technology reduces queuing time and helps customers pay more quickly, conveniently and above all, securely.”
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