Visa and Allianz Partners have developed a new mobile payment and loyalty app that will allow consumers to make payments using their mobile device.
The app, which allows both online and in-store purchases, is equipped with security technology that replaces traditional card information with a unique digital identifier, the companies said.
Allianz Prime users can accumulate points and rewards through purchases made while using the app and the smart spend tracker helps customers simplify their money management and track purchases.
Allianz is currently testing the app in Italy.
“With the launch of their first mobile payment app, Allianz has not only created a new way to engage and reward customers but is also offering them a new, secure way to make payments worldwide – online and in stores – while also helping consumers keep track of their spending,” said Mike Lemberger, senior vice president of product solutions at Visa.