"Driving Payments Innovation of Tomorrow" - Powered by Visa

 

The presentation is powered by Visa and covers three major themes around the future of e-commerce and payment innovations in the Asia Pacific region.

 

Next Generation of E-commerce Checkout:

  • Passkeys: A modern way to authenticate transactions using biometrics and cryptography, eliminating the need for one-time passwords (OTPs).
  • Click to Pay: Simplifies guest checkout transactions by allowing users to check out without entering card details, reducing the checkout time significantly.

Flexible Payment Credentials:

  • One Credential: Allows one credential to act as debit, credit, or other payment methods determined at the point of sale.
  • Customers can choose how to process each transaction (debit, credit, installment, etc.) using the same credential.

Cross-Border Wallet Experiences:

  • Interoperable Wallets: Facilitates cross-border payments by tying up with QR connectors, allowing seamless wallet transactions across countries in Asia Pacific.

Next Generation Ecosystem Solutions:

  • A2A Protect: An AI-driven risk assessment tool aimed at reducing fraud and scams in real-time payment (RTP) transactions.
  • Pilot in the UK showed a 54% reduction in fraud rates.

Data Tokenization:

  • Data Tokens: Use anonymized, tokenized data with customer consent to offer personalized shopping experiences, enhancing customer engagement and relevance.

 

Conclusion

Each of these key points illustrates how Visa’s innovations are driving the future of payments in a secure, efficient, and customer-centric manner.

 

Watch Full Session

 

Speaker:

  • T.R. Ramachandran, Head of Products and Solutions, Asia Pacific, Visa

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