Visa taps QR payment providers for Asia digital payments
Visa has collaborated with several QR payment providers to enable streamlined touchless digital payments across Asia.
Consumers can use their digital wallets to scan and pay at point-of-sale QR terminals when they travel abroad.
The pilot program will begin in Singapore, and then rolled out across the region in the coming year.
Visa will enable consumers to use their everyday payment apps to scan and pay at QR merchants.
To facilitate this, Visa is working with Lakala in Mainland China, Touch ‘n Go Digital in Malaysia, FOMO Pay in Singapore, LINE Pay in Taiwan, VNPay and Zalopay in Vietnam.
They will become Visa’s QR connectors, enabling their QR merchant networks to accept Visa payments.
Users from participating digital apps can then scan these QR codes and pay securely.
Visa provides technical capabilities to QR payment providers by working with payments tech company Juspay.
“These partnerships represent a significant leap forward for the payments ecosystem in Asia Pacific,” said T.R. Ramachandran, SVP, Head of Products and Solutions, Asia Pacific, Visa.
“Consumers accustomed to QR payments at home can now enjoy the same seamless and secure payment experience abroad.”
Based on the Visa Consumer Payment Attitudes Study, QR payments using digital wallets is the second most preferred mode of payment (26%).
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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