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Retail Asia27/06/2019

Singapore joins other major cities that have enabled open-loop Visa payment cards for public transport, including London, Sydney and New York. Commuters in Singapore can now use their Visa contactless cards or compatible devices to pay for bus or train rides under the Land Transport Authority’s (LTA) SimplyGo initiative, Visa said in an announcement on Thursday. According to Visa, the […]

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Retail Asia18/06/2019

Digital remittance company InstaReM has partnered Thai banking group Kasikornbank in an agreement that would see the Singapore startup power cross-border payments for the bank’s clients in select markets, it announced in a press release on Thursday. This relationship further cements InstaReM’s position as a leading provider for cross-border transactions. With InstaReM, KBank clients will be able […]

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Retail Asia09/04/2019

It was one of four initiatives the company outlined in the “Future of Security” roadmap it launched. Visa said the roadmap focuses on a number of key initiatives that would enable security to evolve at the same pace as the technologies changing the way of paying. Dang Tuyet Dung, Visa’s country manager for Viet Nam […]

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Retail Asia07/03/2019

Increasingly complex card-not-present fraud will cost retailers US$130 billion globally in digital sales over the next five years. A Juniper Research study predicts that retailers’ slow pace in keeping up with new fraud prevention requirements will allow cybercriminal practices to become more widespread as more and more consumers shop online. It observes that established point-of-sale […]

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Retail Asia21/12/2018

Visa, the world’s leader in digital payments, and The Mall Group, Thailand’s leading retail and entertainment complex developer, last week announced a new long-term partnership set to drive the future of retail in Thailand. Building on their existing relationship, this partnership will see The Mall Group and Visa develop personalised shopping experiences for consumers, using […]

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Retail Asia06/12/2018

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Visa, the world’s leader in digital payments, has today launched its Future of Security Roadmap for Thailand, outlining a robust approach for strengthening payments security in the country over the next 3 years. Visa’s Roadmap focuses on a number of key initiatives which will enable security to evolve at the same pace as the technologies changing […]

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Retail Asia22/11/2018

Visa, the world’s leader in digital payments and GARMIN, in partnership with leading financial institutions, announced the launch of GARMIN Pay, a new contactless payment feature on GARMIN smartwatches. Starting 15 November, customers of Kasikornbank, Krungthai Card and Siam Commercial Bank can add their Visa credit or debit card to their GARMIN smartwatches, while Bangkok Bank […]

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Retail Asia17/10/2018

Visa announced Kasikornbank is the first Thai financial institution to join the Visa B2B Connect pilot program. Visa B2B Connect is a new platform that Visa is developing to give financial institutions a simple, fast and secure way to process cross-border business-to-business payments. The pilot is currently in the Bank of Thailand Regulatory Sandbox. Kasikornbank […]

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Retail Asia16/10/2018

Visa, the world’s leader in digital payments and Fitbit, the leading global wearables brand, today announced that Fitbit Pay™ will be available to its customers in Thailand on Fitbit Ionic or Fitbit Versa and starting November 2018, on its newest tracker, Fitbit Charge 3. Customers of Kasikornbank, KTC and Siam Commercial Bank can add their […]

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Retail Asia10/10/2018

This month, the Taiwan Cooperative Bank (TCB) and Visa have implemented what both call Taiwan’s first standardized and EMV-compliant QR code payment. Part of Financial Information Service Co.’s “Standardized QR Code Solutions,” the new EMV solution will be among the first large-scale deployments of standardized QR Code payments in Taiwan, initially covering more than 8,000 […]

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Retail Asia24/09/2018

Electronic payments are becoming more and more common in Vietnam, according to Visa. Its data for the 12-month period until June 30 this year shows that the number of transactions on the Visa network increased by 45 percent from the previous year, the company said in a statement. E-payment is rising thanks to strong e-commerce […]

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Retail Asia17/05/2018

The importance of payments security was reinforced today at the Visa Asia Pacific Security Summit as the region is poised to lead the global transformation from cash to digital payments. Urbanization and increasing mobile usage are driving the appetite for digital payments across Asia Pacific. Half of the region’s population lives in towns and cities, […]

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Retail Asia21/03/2018

All eyes are on whether “wearable credit cards,” which became a hit during the 2018 Winter Olympics in PyeongChang in South Korea, will be able to gain ground in the domestic market even after the closing ceremony of the Olympics. In the United Kingdom and Australia, the wearable card market is already being established. According […]

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Retail Asia14/03/2018

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Visa, the world’s leader in digital payments, announced the winner of its first Visa’s Everywhere Initiative competition in Thailand, awarding Sellsuki the grand prize of THB1 million in funding, in addition to mentorship, exposure to Visa partners and access to facilities and experts at Visa’s Innovation Center in Singapore. The winner of the VEI goes […]

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Retail Asia01/03/2018

Visa Inc said this week that 14 technology partners have joined its Visa Ready for Transit programme, as part of a move to promote contactless payments on public transport around the world. Companies from ten different countries are included on the list, joining Vix and Worldline, the initial members of the scheme when it launched in November 2017. As […]

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Retail Asia21/02/2018

Visa, the world’s leader in digital payments, announced the complete rollout of credit card acceptance at all 7-Eleven convenience stores nationwide. Expanding acceptance points is crucial to the National ePayment Plan and will help accelerate Thailand on the journey to become a full-fledged digital economy. The program was first piloted last year in selected 7-Eleven […]

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Retail Asia01/02/2018

Visa, the world’s leader in digital payments, has today launched the inaugural Visa’s Everywhere Initiative in Thailand, aiming to attract Thailand-based start-ups who are tackling some of the toughest payment-related problems in the commerce industry. Visa’s Everywhere Initiative is a global innovation program that challenges start-ups to build the next big thing in payments and […]

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Retail Asia04/12/2017

Residents, businesses and government of Bangkok could realize THB 126 billion-worth of economic benefits by transitioning from physical money to digital payments, according to an independent study conducted by Roubini ThoughtLab and commissioned by Visa. The results examine the economic impact of increasing the use of digital payments in major cities around the world. As […]

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Retail Asia24/11/2017

With digital payment methods taking the world by storm, Visa is taking it in a new direction. The company is launching a line of three wearable devices that support contactless payments for fans and athletes attending the 2018 Winter Olympics in PyeongChang, South Korea in February. The line, which was produced in partnership with the […]

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Retail Asia13/11/2017

Visa, the world’s leader in digital payments, has obtained a domestic network licence from the Bank of Thailand. Through a partnership with National Interbank Transaction Management and Exchange (National ITMX), Visa will provide banks and merchants with a comprehensive suite of Visa’s debit products and resources to grow digital payments for the people of Thailand. […]

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