Visa, world’s leading digital payments provider, has unveiled a suite of AI-enabled payment solutions in the Philippines even as it also announced an exploration project with Ant International, Grab and Tencent to grow AI commerce by enabling a secure and seamless checkout experience.
Jeffrey Navarro, Country Manager, Visa Philippines, said that as digital transactions continue to rise, Visa’s AI-enabled solutions are set to empower Filipino consumers and business owners by providing secure, seamless payment experiences. “The continuously growing digital payment sector in the Philippines makes it a prime environment for technological innovation—one that harnesses AI for the benefit of the digital Filipino business owner and consumer,” said Navarro.
Leading this wave of innovation is Visa Intelligent Commerce, a new initiative that opens Visa’s payments network to developers and engineers building the next generation of AI-powered commerce in Asia Pacific.
Visa Intelligent Commerce
Visa Intelligent Commerce brings a suite of integrated APIs and a commercial partner program to AI platforms, enabling developers to deploy Visa’s AI commerce capabilities securely and at scale. Visa announced that it is in explorations with Ant International, Grab and Tencent to grow AI commerce by enabling a secure and seamless checkout experience.
Visa is also launching new services to make it easier for consumers, merchants, and businesses in the Philippines to pay and be paid. These include Visa Pay, Digital Identity, Visa Accept, among others.
The Visa Pay is in partnerships with leading players including LINE Pay in Taiwan, Maya in the Philippines, OpenRice in Hong Kong, and Woori Card in South Korea. Through these partnerships Visa is expanding access to its global network, giving consumers more ways to pay globally by tapping, scanning or online.
The Digital Identity offers a suite of solutions includes Passkeys, Tap to Confirm, and enhanced data which are meant to identify and authenticate digital users.
These solutions will reduce friction for consumers by being digitally native while improving payment security and authorisation rates with enhanced transaction data and state-of-the-art fraud prevention techniques. New partners in the region include Coles, a supermarket chain in Australia and Maybank, a leading financial services provider in Malaysia and Southeast Asia.
Visa Accept is a new solution that allows micro-sellers to receive payments directly to their eligible Visa debit card using any NFC-enabled smartphone. Launching in Vietnam, the service supports micro-entrepreneurs and informal sellers such as street vendors, freelancers, and small service providers. Participating issuers will enable cardholders to accept contactless payments through their bank’s mobile app.
New exploration project
Meantime, Visa announced of an exploration project with Ant International, Grab, and Tencent. Ant International is a leading global digital payment, digitisation, and financial technology provider. Grab is Southeast Asia’s leading super app offering ride-hailing, food delivery, digital payments, and financial services across eight markets. Tencent is a multinational technology leader that develops a wide range of digital products and services, including Weixin/WeChat, China’s super app.
“The Philippines’ digital economy remains vibrant, and Visa’s cutting-edge innovations are key to keeping the country at the forefront of payment technology,” said Poojyata Khattar, Head of Product for Regional Southeast Asia at Visa. “Imagine the possibilities that AI brings to everyday life for Filipino digital consumers—from automatically ordering your favorite meals on Grab before you even think of it, to alerting you about the next big K-pop concert and arranging all your travel plans. With Visa’s trusted payment infrastructure and advanced AI capabilities, these seamless, secure, and enjoyable experiences are now within reach for everyone in the country,” Khattar added.
Over the past 25 years, Visa’s global network has handled 3.3 trillion transactions. Today, Visa is advancing its infrastructure, standards, and capabilities to power AI-driven commerce, opening new opportunities for consumers across Asia Pacific. Soon, AI agents integrated into familiar platforms will be able to transact using Visa’s 4.8 billion credentials at millions of merchant locations worldwide.
