Visa has announced collaborations with QR payment providers to allow consumers to use their digital wallets to scan and pay at point-of-sale QR codes when travelling abroad.

The pilot programme will begin in Singapore, with more rollouts planned across the region in the coming year.

Utilising its network expertise, Visa will enable consumers to use their everyday payment apps to scan and pay at QR merchants, whether at home or abroad.

Lakala in Mainland China, Touch ‘n Go Digital in Malaysia, FOMO Pay in Singapore, LINE Pay in Taiwan, VNPay and Zalopay in Vietnam 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 seamlessly and securely. Visa provides technical capabilities to QR payment providers by working with payments technology company Juspay.

Expanding QR payments can benefit merchants by lowering their costs while simplifying their operations. Small and medium businesses can expand their reach and serve more domestic and international consumers.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Visa Asia Pacific products and solutions head and senior vice president T.R. Ramachandran said: “These partnerships represent a significant leap forward for the payments ecosystem in Asia Pacific.

“Consumers accustomed to QR payments at home can now enjoy the same seamless and secure payment experience abroad. Visa aims to provide a consistent and superior user experience across QR types and geographies, which can lead to higher adoption rates among consumers.”

According to Visa Consumer Payment Attitudes Study, while card payments continue to be the preferred mode of payment (34%) amongst Southeast Asian consumers, QR payments using digital wallets is the second most preferred mode of payment (26%).

Last month, SentBe partnered with Visa to implement Visa Direct’s card transfer service, enabling real-time international payments via Visa’s global network.