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SMBs adapt as more than four in five Singapore consumers change the way they pay due to COVID-19
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 spending more digitally: Visa Study
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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Railsbank and Visa Partner to Drive Fintech Enablement in Singapore
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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Singapore consumers prefer contactless card payment
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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Payment security is key as Asia Pacific resets digital commerce in post-pandemic world
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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Nearly Three in Four Consumers in Singapore Shop Online More Frequently due to COVID-19: Visa Study
The COVID-19 pandemic has greatly accelerated the shift to eCommerce in Singapore with 74 per cent of consumers shopping more frequently online, according to the Visa Consumer Payment Attitudes Study[1]. One-third of Singaporeans (31%) shopped online for the first time during the pandemic, making purchases via websites or mobile applications. This reflects a wider shift towards…
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Contactless payments are here to stay, says Visa
As the one-year mark of the COVID-19 pandemic approaches and digital payments play a larger role in daily life around the world, there will be no reverse gear on consumer behaviour as we head into 2021. In the third edition of its global research study, the “Visa Back to Business Study – 2021 Outlook,” found…
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YouTrip Inks Six-Year Partnership with Visa to Expand its Footprint in Southeast Asia
YouTrip, Singapore’s leading multi-currency mobile wallet has announced a six-year partnership with Visa, the world’s leader in digital payments, to accelerate its expansion into the rest of Southeast Asia, starting with Malaysia and Philippines. Currently launched in Singapore and Thailand, YouTrip has amassed over one million downloads to date. The announcement comes a year after…
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Local SMBs need to digitalise to seize holiday shopping opportunity: Visa Study
Singapore, 12 November 2020 – Nearly four in five (78%) consumers in Singapore will be shopping for the holidays this year despite the pandemic, according to the 2020 Visa Back to Business Study, Holiday Edition[1]. With more than half (56%) planning to shop at local retailers, small and medium-sized businesses (SMBs) in Singapore need to be…
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Flex by Finaxar helps SMEs in SEA control and reconcile expenditures via a unified spend management solution
15 October 2020, Singapore – Singapore-based fintech Finaxar announced has the launch of Flex by Finaxar, a unified spend management solution jointly developed in partnership with leading global payments technology company, Visa. With the aim of providing businesses a platform to unify spend, payables and receivables, the solution is part of Finaxar’s focus to transform and digitise…