V Pay

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V Pay logo

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]

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.[citation needed]

External links[edit]

References[edit]

  1. ^ a b "V PAY – Your European debit card". Archived from the original on June 25, 2014. Retrieved August 6, 2011.
  2. ^ "V PAY technical requirements". Archived from the original on July 1, 2014. Retrieved August 6, 2011.
  3. ^ "Postbank migrates bank cards to V PAY/girocard". Archived from the original on 2011-10-07. Retrieved 2011-08-06.
  4. ^ "German banks have agreed to issue 34 million V PAY". Archived from the original on 2011-10-07. Retrieved 2011-08-06.
  5. ^ "CarigeCash Europa: la carta bancomat per prelievi ed acquisti sicuri". Banca Carige. Archived from the original on 2013-02-18. (in Italian)
  6. ^ "Het 'Welke bank?' topic". Retrieved 2018-11-01.
  7. ^ "France and Greece are first countries to accept V PAY". Archived from the original on 2011-10-07. Retrieved 2011-08-06.