Visa Stays Ahead Of The Curve In Ai-driven Commerce In The Philippines

With AI emerging arsenic nan caller frontier successful integer payments, Visa, a world leader successful nan industry, has unveiled a suite of innovative products designed to alteration nan adjacent activity of integer costs experiences successful nan Philippines. The country’s integer costs assemblage is quickly expanding, pinch nan Bangko Sentral ng Pilipinas (BSP) reporting that 50% of unit payments were digitized successful 2023—a milestone that highlights some nan increasing take and nan readiness for further innovation.

As integer transactions proceed to rise, Visa’s AI-enabled solutions are group to empower Filipino consumers and business owners by providing secure, seamless costs experiences. “The continuously increasing integer costs assemblage successful nan Philippines makes it a premier situation for technological innovation—one that harnesses AI for nan use of nan integer Filipino business proprietor and consumer,” said Jeffrey Navarro, state manager, Visa Philippines.

Jeffrey Navarro, state manager, Visa Philippines

In this caller era of agentic commerce, wherever AI agents will browse, purchase, and negociate transactions connected behalf of users, spot is much important than ever. Over nan past decade, Visa has invested much than USD3 cardinal successful AI and information infrastructure, enabling location partners—including AI platforms, fintechs, banks, and merchants—to link effortlessly to nan Visa network. In an progressively integer scenery marked by evolving threats and nan request for greater accountability, Visa’s continued attraction connected AI, tokenization, and real-time fraud prevention ensures each transaction remains secure.

Leading this activity of invention is Visa Intelligent Commerce, a caller inaugural that opens Visa’s payments web to developers and engineers building nan adjacent procreation of AI-powered commerce successful Asia Pacific.

Visa Intelligent Commerce: A New Era for Asia Pacific

Visa Intelligent Commerce brings a suite of integrated APIs and a commercialized partner programme to AI platforms, enabling developers to deploy Visa’s AI commerce capabilities securely and astatine scale. Visa announced that it is successful explorations pinch Ant International, Grab, and Tencent to turn AI commerce by enabling a unafraid and seamless checkout experience.

Ant International is simply a starring world supplier of integer payment, digitization, and financial exertion solutions. Grab is Southeast Asia’s starring ace app offering ride-hailing, nutrient delivery, integer payments, and financial services crossed 8 markets. Tencent is simply a multinational exertion leader that develops a wide scope of integer products and services, including Weixin/WeChat, China’s ace app. 

Over nan past 25 years, Visa’s world web has handled 3.3 trillion transactions. Today, Visa is advancing its infrastructure, standards, and capabilities to powerfulness AI-driven commerce, opening caller opportunities for consumers crossed Asia Pacific. Soon, AI agents integrated into acquainted platforms will beryllium capable to transact utilizing Visa’s 4.8 cardinal credentials astatine millions of merchant locations worldwide.

Expanding payments invention and connectivity for Filipino businesses

Visa is besides launching caller services to make it easier for consumers, merchants, and businesses successful nan Philippines to salary and beryllium paid. 

Visa Pay: A work designed to link immoderate participating wallet to immoderate Visa-accepting merchant, section aliases international, in-store aliases online, launches crossed Asia Pacific, location to nan largest number of integer wallet users. Through partnerships pinch starring players including LINE Pay successful Taiwan, Maya successful nan Philippines, OpenRice successful Hong Kong, and Woori Card successful South Korea, Visa is expanding entree to its world network, giving consumers much ways to salary globally by tapping, scanning aliases online. 

Digital Identity:  This suite of solutions includes Passkeys, Tap to Confirm, and enhanced information which are meant to place and authenticate integer users. These solutions will trim clash for consumers by being digitally autochthonal while improving costs information and authorisation rates pinch enhanced transaction information and state-of-the-art fraud prevention techniques. New partners successful nan region see Coles, a supermarket concatenation successful Australia and Maybank, a starring financial services supplier successful Malaysia and Southeast Asia.

Visa Accept is simply a caller solution that allows micro-sellers to person payments straight to their eligible Visa debit paper utilizing immoderate NFC-enabled smartphone. Launching successful Vietnam, nan work supports micro-entrepreneurs and informal sellers specified arsenic thoroughfare vendors, freelancers, and mini work providers. Participating issuers will alteration cardholders to judge contactless payments done their bank’s mobile app. 

Seamlessness successful payments 

Visa continues to grow its merchandise portfolio pinch solutions designed to support nan evolving costs needs of consumers and businesses successful nan state and crossed Asia Pacific, peculiarly Millennial and Gen Z consumers who are progressively looking for elastic and convenient costs options that lucifer their lifestyles. 

Flex Credential: Visa’s Flex Credential, a next-generation paper that allows users to seamlessly toggle betwixt debit, credit, and reward points, continues to summation traction successful Asia Pacific. Visa first launched Flex successful business pinch Sumitomo Mitsui Banking Corporation (SMBC) and Sumitomo Mitsui Card Company (SMCC), known arsenic Olive, 2 years agone successful Japan. Today, much than 5 cardinal Olive relationship holders are benefitting from nan Visa Flex Credential. The Olive paper continues to outperform, pinch cardholder transactions averaging 40% higher than nan nationalist mean successful Japan complete nan past year. 

Visa and SMCC person expanded nan Visa Flex Credential to support mini businesses pinch nan elasticity to move betwixt business and individual accounts utilizing nan aforesaid Olive card, enhancing entree to in installments and rate travel management. Visa is besides collaborating pinch section banks successful Vietnam to motorboat Flex Credential successful nan adjacent fewer months.

Stablecoins: Visa has been facilitating cryptocurrency transactions for complete 5 years and is now expanding its offering to see stablecoin-backed cards, settlement, and programmable money. On and off-ramps via stablecoin-backed cards let consumers to usage their Visa credentials to bargain stablecoins pinch fiat rate and salary pinch stablecoin crossed Visa-accepting merchant locations. In Asia Pacific, Visa is partnering pinch DCS Singapore, DTC Pay and StraitsX connected stablecoin-backed cards that support conversion done regulated infrastructure. 

Enabling seven-day-a-week colony for stablecoins: Visa has settled much than USD225 cardinal successful stablecoin measurement to day done participating clients. In Asia Pacific, Visa is moving pinch StraitsX for stablecoin settlement.

Through nan Visa Tokenized Asset Platform (VTAP), Visa provides a level for our partners to rumor and negociate fiat-backed tokens, offering interconnectivity to nationalist and backstage blockchains, enabling programmable financing, trading of tokenized assets and facilitating cross-border money movement. Visa is looking to grow nan readiness of VTAP to much partners later this twelvemonth and into 2026.

“We are excited to activity pinch section banks, acquirers, merchants, and nan authorities successful bringing these innovations to nan Philippine market. Working pinch nan correct partners will thief america construe these world innovations into real, tangible effect for section stakeholders – helping america each beforehand into nan early of payments,” said Navarro.