Visa Offers Banks Tools for Subscription Management

Visa is providing financial institutions with new tools designed to streamline subscription management for consumers. As the subscription economy rapidly expands, with projections indicating 12 billion subscriptions globally by 2030, managing these recurring payments has become a significant challenge for both consumers and businesses. This initiative aims to reduce friction in the payment process, transforming potential chaos into customer loyalty by offering banks enhanced capabilities to handle the complexities of the modern subscription landscape.