Latest news with #VisaAccept
GMA Network
01-07-2025
- Business
- GMA Network
Visa to launch tap-to-pay service in PH this year
More Filipino consumers will soon be able to pay for goods and services by tapping their phones on point-of-sale (POS) machines with near-field communication (NFC) technology, as global payments platform Visa aims to launch its new Visa Pay service in the Philippines within the year. According to Visa Philippines head of products and solutions Ezer Escolar on Tuesday, the Visa Pay service will be piloted with fintech ecosystem and digital bank Maya. Visa Pay is a service designed to connect any participating wallet to any Visa-accepting merchant, local or international, in-store or online, to its global network, allowing consumers to pay globally by tapping, scanning, or online. 'The continuously growing digital payment sector in the Philippines makes it a prime environment for technological innovation—one that harnesses AI for the benefit of the digital Filipino business owner and consumer,' Visa Philippines country manager Jeffrey Navarro said. Sought for a more definite timeline for the rollout, Navarro said it would depend mostly on the partner agencies, with Visa already in talks with more partners for the service. 'The way Visa operates is it's really a partnership model. We can only do as fast as we can, based on the capabilities of partners, and partners will have varying priorities. The intent is the soonest we can launch it; that's what we want,' he said. "While Maya is the first to be announced, we are working and discussing with everyone," he added. Visa will also launch other services, such as Visa Accept, that will allow micro-sellers to receive payments directly to their eligible Visa debit card using any NFC-enabled smartphone. It is also set to roll out Flex Credential, a next-generation card that will allow users to toggle between debit, credit, and reward points, as well as stablecoin-backed cards, settlement, and programmable money. 'We are excited to work with local banks, acquirers, merchants, and the government in bringing these innovations to the Philippine market. Working with the right partners will help us translate these global innovations into real, tangible impact for local stakeholders—helping us all advance into the future of payments,' Navarro said. Data from the Bangko Sentral ng Pilipinas show that the value of electronic fund transfers coursed through PESONet and InstaPay from January to April 2025 reached P7.15 trillion, up from P5.22 trillion in the same period last year. — VBL, GMA Integrated News
The Sun
13-06-2025
- Business
- The Sun
Visa advances digital payments in Vietnam with Cashless Day 2025 and innovative payment solutions
· Strategic partnerships and nationwide events make cashless payments more accessible and beneficial for all Vietnamese consumers · The new Click to Pay solution, seamless e-wallet integration, and exclusive Visa promotions offer faster, easier, and more rewarding ways to pay every day HCMC, VIETNAM – Media OutReach Newswire – 13 June 2025 – Visa, a global leader in digital payments, is reinforcing its commitment to Vietnam's national digital transformation by partnering with the Cashless Day 2025 campaign. This annual series of activities is organized by Tuoi Tre Newspaper under the direction of the State Bank of Vietnam. At the conference themed 'Cashless Payments Driving the Digital Economy' on June 14, Visa will present regional case studies on a variety of solutions aimed at making cashless payments more convenient across the public sector, enterprises, and for individual users. These include the use case of Diia, the digital citizen application in Ukraine empowered with Visa credentials to enable the digitization of public services payment and to accelerate government support for underserved communities; Visa Accept, which enables micro-sellers to accept electronic payments easily; and the integration of Visa as a funding source in Vietnam's most popular e-wallets enhancing the overall customer experience. Visa's involvement extends beyond the Conference, with a series of partner collaborations and communication initiatives throughout the campaign period. During the Cashless Festival – Ting Ting Day, to be held from June 14 to 15, Visa will co-host engaging activities such as digital experiences, voucher giveaways, and promotional gifts to encourage the adoption of cashless payments via the UrBox loyalty platform, alongside Starbucks promotions for contactless and mobile payments at the Ting Ting Life area. As a leading digital rewards provider, UrBox partners with Visa on the UP Rewards program, enabling cardholders to link their Visa card, earn up to 20% back in points at over 300 merchants, and redeem them for eVouchers from more than 600 brands. In the Ting Ting Wow space, in collaboration with Shinhan Bank Vietnam, Visa will also showcase solutions for small and medium-sized businesses at a dedicated booth, helping business owners better manage their finances, optimize spending, collect reward points, and access premium services. 'Digital payments and mobile solutions are playing a vital role in powering Vietnam's booming digital economy, and we're committed to driving this growth through our technology. Visa is proud to support the Vietnamese government, our clients, and partners in their digital transformation journey. Through our payment initiatives, we aim to help build an inclusive financial ecosystem where everyone can access safe and convenient digital payment services,' said Ms. Dung Dang, Visa Country Manager for Vietnam and Laos. With its vision to be 'the best way to pay and be paid,' Visa continues to strengthen its partnerships in Vietnam, particularly with banks, leading technology companies and innovators in public services. Through Visa Government Solutions, Visa is enhancing transparency and efficiency in public sector transactions, supporting e-government services and smart transportation infrastructure. Further demonstrating its commitment to digital security, Visa participated in the Vietnam Security Summit 2025. At the event, Abdul Rahim, Visa's Head of Risk for Southeast Asia, discussed key regulatory priorities for the Asia Pacific region, with a focus on consumer protection, data security, and the resilience of national payment systems. The session also highlighted Visa's ongoing efforts to improve payment security through advanced fraud detection, regulatory collaboration, and technological investment. Visa recently unveiled several groundbreaking product innovations and strategic collaborations at the Visa Asia Pacific Media Showcase to usher in the next generation of commerce across the region. Notably, Click to Pay is now live in Vietnam, enabling Techcombank and VPBank Visa cardholders to enjoy seamless online shopping experiences with participating merchants. Visa also announced the upcoming launch of Flex Credential, a new solution for the Vietnamese market that offers consumers greater flexibility over their spending. To coincide with the early launch of the Vietnam Grand Sale 2025 by the Department of Industry and Trade, Visa is offering exciting promotions, including 20% off when paying with a Visa card at six brands under the Golden Gate restaurant chain, discounts at ACFC brand stores, and special ride-hailing promotions with Be, Grab, and Xanh SM for travel between all stations on Ho Chi Minh City's Metro Line 1. Through Cashless Day 2025, Visa once again affirms its role as a strategic partner in connecting stakeholders – ranging from Government and businesses to consumers – to realize the national goal of digital payments, while expanding financial access for the community.
