V Pay
V Pay (stylized as V PAY) is a Single Euro Payments Area (SEPA) debit card for use in Europe, issued by Visa Europe.[1] It uses the EMV chip and PIN system and may be co-branded with various national debit card schemes such as the German Girocard[2][3][4] or Italy's PagoBancomat.[5]
V Pay logo | |
Product type | Debit card |
---|---|
Owner | Visa Inc. |
Country | United States |
Related brands | Visa Electron, Visa Debit |
Markets | Europe, SEPA |
Website | www |
The V Pay card system competes with MasterCard's Maestro debit card product. However, unlike Maestro, V Pay cards cannot be used in non-chip and non-PIN environments, limiting its acceptance to those countries and merchants that use this system. Also unlike Maestro, which is issued and accepted globally, V Pay is designed as a specifically European product, and is not issued or accepted outside European countries.[1] However, some cards are co-branded with the Visa Electron system, which allows using them outside Europe.[6]
V Pay cards began to be accepted at merchants in France and Greece in 2005,[7] and acceptance has since expanded to more European countries. As of 2010, 14 million V Pay cards had been issued.
External links
References
- "V PAY – Your European debit card". Archived from the original on June 25, 2014. Retrieved August 6, 2011.
- "V PAY technical requirements". Archived from the original on July 1, 2014. Retrieved August 6, 2011.
- "Postbank migrates bank cards to V PAY/girocard". Archived from the original on 2011-10-07. Retrieved 2011-08-06.
- "German banks have agreed to issue 34 million V PAY". Archived from the original on 2011-10-07. Retrieved 2011-08-06.
- "CarigeCash Europa: la carta bancomat per prelievi ed acquisti sicuri". Banca Carige. Archived from the original on 2013-02-18. (in Italian)
- "Het 'Welke bank?' topic". Retrieved 2018-11-01.
- "France and Greece are first countries to accept V PAY". Archived from the original on 2011-10-07. Retrieved 2011-08-06.