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Visa to launch the V.me digital wallet in early 2012

Visa has chosen the name V.me for its upcoming digital wallet, which is expected to be launched in early 2012 after a beta period, engadget.com reports.

V.me will allow customers to fund an account via their Visa card, a MasterCard account or their bank account. Another feature is the fact that customers will log in through a user name and password instead of keying in their 16-digit account number.

Visa has announced that it is working on a ‘send and receive’ money feature which will allow users to send money to each other on the go. The company has also revealed that it will be developing mobile-friendly applications for shopping while using a near field communication (NFC)-powered smartphone or tablet.

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