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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 2 sources · 14 days · First seen · Last updated

Southeast Asia digital payment expansion

Overview

Digital payment capabilities are expanding across Southeast Asia through new mobile wallet integrations and contactless technologies.

In Malaysia, Merchantrade Asia enabled NFC support for its Merchantrade Money Visa prepaid cards via Google Wallet and Samsung Wallet. This update utilizes Visa Token Service to allow card-not-present tap transactions at global touchpoints. Executive Vice President Cindy Loo noted the move provides a “serious speed upgrade” compared to QR-code payments.

Further developments in the region include the launch of ‘U Accept’ in the Philippines, a collaboration between Visa and USSC Money Services Inc. that allows small businesses to use smartphones as contactless payment terminals. Additionally, Samsung Wallet expanded its Malaysian support by integrating MBSB Bank’s Visa Debit Card-i, utilizing tokenization for secure mobile and wearable payments.

Entities

Visa · Cindy Loo · Samsung · Merchantrade Money · USSC Money Services Inc.

Timeline

  1. 29 days ago

    [BUSINESS] 2 sources
    Visa expands digital payment solutions in Philippines and Malaysia

    Visa expands digital payment capabilities in Southeast Asia through a smartphone-based terminal solution for MSMEs in the Philippines and Samsung Wallet integration for MBSB Bank customers in Malaysia.

  2. about 1 month ago

    [TECHNOLOGY] 2 sources
    Merchantrade Money launches Google and Samsung Wallet tap support for Visa prepaid cards

    Merchantrade Money adds Google and Samsung Wallet NFC support for its Visa prepaid cards in Malaysia, using Visa Token Service for faster, multi‑currency tap payments.

Sources

gadgetsmagazine.com.ph · klgadgetguy.com