VISA
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According to a recent study by Visa, Singaporeans have shown a strong preference for using app-based digital remittance platforms, making it the most popular method for sending (72%) and receiving (76%) money internationally. This is higher than the global average, where more than half of consumers (53%) are using digital apps to send money. The…
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Singapore’s leading payment services group, Network for Electronic Transfers (NETS), has signed a landmark agreement with Mastercard and Visa to acquire merchants directly in Singapore. As a result of the partnership, eligible merchants can now have access to a comprehensive range of digital payment schemes from a single payment service provider, NETS. The move is…
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Visa has announced the launch of Visa Eco Benefits in Asia Pacific. Eco Benefits is a suite of sustainability-focused solutions that will help Visa cardholders across the region better understand the environmental impact of their day-to-day payments. They can calculate the carbon footprint generated by their Visa transactions, and access options for carbon offsetting or…
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Visa, the world leader in digital payments, has selected Singapore-based crypto payments provider TripleA to join a select group of five elite startups from the region for the 2022 cohort of its Visa Accelerator Program in Asia Pacific. Over the next six months, the startups will work closely with Visa on creating defined commercial opportunities…
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Visa launched the Visa Creator Program, an initiative that aims to help digital-first artists, musicians, fashion designers, and filmmakers accelerate their small business through non-fungible tokens (NFTs). Each cycle of the program will support a selected group of entrepreneurs looking to deepen their understanding of the technology and platforms underpinning NFT commerce. The Visa Creator Program…
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Eighty four per cent of consumers in Singapore say that COVID-19 has permanently changed how they will pay, according to the Visa Back to Business Study. The fifth edition of Visa’s global study reveals how rapid digital shifts in consumer habits continue to impact commerce around the world and explores the shape-shifting trends that small and…
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Seniors in Singapore are turning to online shopping and digital payments due to COVID-19, with more than one-third of seniors (36%) having shopped online in the past 12 months, compared to one in four in 2018 (25%), according to Visa’s Digital Inclusion Research 2021[1]. Seniors are also using eCommerce to purchase a variety of essential…
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Leading global embedded finance platform, Railsbank, and the world’s leader in digital payments, Visa are partnering to drive local fintech enablement, with Railsbank coming on board as a Visa Ready Banking Identification Number (BIN) sponsor. Through the BIN sponsor programme, all of Railsbank’s clients gain access to the same global payment technology, expertise and revenue opportunities…
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Singaporean consumers are forming new digital payment habits due to the COVID-19 pandemic, according to the latest edition of Visa’s Consumer Payment Attitudes Study[1]. The study found that contactless card payment is the most preferred payment method by Singaporeans (31%), followed by online card payments (23%). Less than one in five Singaporean consumers (15%) prefer using…
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Visa, the leader in digital payments, has set its focus on strengthening payments security as consumer behaviour evolves during the pandemic. Addressing more than 1,500 partners and clients in its first virtual edition of the Asia Pacific Visa Security Summit last week, Visa stressed the need for robust payment experiences in a changing commerce environment. …
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