Visa

They aim to expand access to finance by equipping SMEs with business credit cards.

Evolving security frameworks will also redefine the payments experience, says Visa.

Baguio City has 19,874 micro enterprises.

It is the first bank to implement Visa Cloud Connect on Google Cloud Infrastructure. 

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.