That’s the first digital bank in Canada to offer Visa Debit
Canadian Tangerine Bank has teamed up with Visa to give its chequing clients an option to pay with Visa Debit.
The report states that Tangerine chequing clients will be able to pay for online and cross-border purchases directly from their chequing accounts. This way, the clients will get more control over their spending.
Visa Debit’s vast network will be available to Tangerine chequing clients beginning this fall.
In addition, Visa Debit can be used for in-app purchases and for popular rideshare and food delivery apps.
The fact that Visa Debit will be processed over Visa’s network means the protection of Visa’s multiple layers of security. That would help to reduce risk through continuous fraud monitoring.
We’ve reported that UnionPay launched its digital bank card together with commercial banks, major mobile phone manufacturers, and key merchants and payment institutions. The process of card application and collection is completely digitalized.