Visa issues 10 billionth payment token, marking a significant milestone for tokenization technology.

Visa has issued its 10 billionth payment token, marking a major milestone for its tokenization technology. Tokenization has saved $650m in fraud and driven $40bn in incremental e-commerce revenue for businesses globally. 29% of all transactions processed by Visa use tokens, with potential for penetration up to 70%. Tokenization allows consumers to control their data and integrates with AI for more personalized experiences.