Visa has announced a suite of AI-driven product innovations and strategic partnerships aimed at transforming commerce in the Asia Pacific region. The announcement was made at the Visa Asia Pacific Media Showcase in Singapore, where the company highlighted its commitment to enhancing flexibility, security, and acceptance in digital payments.
The new initiative, Visa Intelligent Commerce, introduces integrated APIs and a commercial partner programme to enable developers to deploy AI commerce capabilities securely and at scale. Visa is currently exploring collaborations with Ant International, Grab, and Tencent to facilitate a seamless checkout experience, leveraging its vast network of 4.8 billion credentials.
Jack Forestell, Visa’s Chief Product and Strategy Officer, stated, “Combining the strength of our global network with our leadership in payment innovation here in Asia Pacific, we are bringing new products and solutions that will transform commerce and deliver trust and security to AI-enabled payments across the region.”
Visa is also expanding its cryptocurrency offerings, including stablecoin-backed cards and programmable money, in partnership with DCS Singapore, DTC Pay, and StraitsX. The Visa Tokenised Asset Platform (VTAP) will further support the issuance and management of fiat-backed tokens, facilitating cross-border money movement.
Additionally, Visa’s Flex Credential, a next-generation card allowing users to toggle between debit, credit, and reward points, continues to gain traction, with plans to launch in Vietnam soon.
These innovations underscore Visa’s commitment to driving the future of commerce in Asia Pacific, with AI agents expected to play an increasing role in routine and complex transactions.
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