Tokens and Credentials GrowthThe company has issued billion credentials, which represented growth YOY, and has also issued billion tokens, representing a surge YOY.If you just look at eCommerce on tokenized transactions, McInerney said during the call, we have six percentage point higher approval rates. That [translates into] significantly higher sales for our merchant partners and reduction in fraud rates, which is good for everybody in the ecosystem … Tokens have become one of our most important platforms for enabling innovation.
McInerney added: Interest in our Visa flexible credential continues changsha mobile number database to grow. The tap to add card, he told analysts, is now live for about of U.S. consumer credit and debit cards.With a nod to the appeal of tap-to-pay functions, the CEO noted that of all face-to-face transactions logged by Visa are contactless, with double-digit growth in markets such as Japan and Argentina.
In the U.S., tap-to-pay was up percentage points to .Turning to new flows, McInerney said that revenues in that business line were up in constant dollars. Visa Direct has crossed the billion transaction level on a trailing month basis, with three billion transactions in the latest quarter, and where volumes were up . He noted the announcement this week of the launch of the X Money account as an example of the momentum behind Visa Direct.