According to the firm, this is first time in about 60 years where software application developers will have open access to industry leading payments technology.

A statement by the company said the new Visa Developer platform was designed to help financial institutions, merchants and technology companies to meet the demands of consumers and merchants, who increasingly relied on connected devices to shop, pay and get paid.

READ: Mobile money award winners announced

“At the launch, the new platform will offer access to some of Visa’s most popular payment technologies and services including account holder identification, person-to-person payment capabilities, secure in-store and online payment services such as Visa checkout, currency conversion and consumer transaction alerts,” the statement read.

The Chief Executive Officer, Visa Incorporated, Mr. Charlie Scharf, said, “As the leader in payments, we have an opportunity to transform global commerce by opening up access to our global network and supporting our clients, industry partners and innovators in their pursuit of creating new, easier and more secure ways to pay.”

“Visa Developer represents not only a new access point to our network, but a new distribution platform for Visa products and services globally,” he added.

Visa is one of the leading e-payment brand in Nigeria with many products designed to offer convenience in banking and online payment.