Visa

It also aims to expand the service in Indonesia and the Philippines by 2026.

It also partnered with QR payment providers across the region for cross-border payments.Visa has introduced several new products and services aimed at enhancing payment flexibility and security in Asia Pacific.

The card will be available for public registration in Q4 2024.

The campaign has also contributed to an estimated carbon savings of 24 to 42 tonnes.

It is available via the Mae Manee app.

Commuters visiting the two Philippine cities can pay with their Visa cards in 140 modern jeepneys.

About 43% of them have already used AI for shopping.

Users can hold funds in 10 different currencies and transact in 200 countries.

China, India, and the Philippines remain “bright spots” for remittance activity, says Visa.

It enables cardholders to view and stop recurring payments as needed.

Rich travellers spend 20% of their budget on accommodation, Visa found.

The company said Visa token issued has so far reached 1 billion.

They can now split purchase repayments for up to a 36-month period.

JTC and Kimly have joined the trials in the Doxa Connex platform to simulate payments.

Amongst initiatives include reduction of SMS OTP reliance and adoption of tokenisation.

Sellers will facilitate payments easily using smartphones.