Visa stories
Visa has appointed Alan Machet as Group Country Manager for Australia, New Zealand, and South Pacific, succeeding Julian Potter, who retires year-end.
Visa partners with Banked to unveil Visa A2A, a revolutionary system set to transform account-to-account payments and enhance security for UK consumers. Launching in 2025.
Jio Financial Services has launched its JioFinance app in Paris, easing digital transactions for tourists and enhancing payment options.
Pismo has upgraded its authorisations engine, boosting capacity to over 3,000 TPS per customer account, to enhance scalability and efficiency.
Visa's new report reveals that 67% of Australians prefer digital apps for overseas remittances, driven by occasions, unexpected needs, and humanitarian aid.
Bank fraud is projected to reach USD $48 billion globally by 2029, a 153% surge, driven by evolving AI tactics, says Juniper Research.
Ivalua has partnered with Visa to unleash £400 billion in trapped supply chain liquidity, enhancing global corporate card use and improving cash flow.
Sejal Patel Daswani has been appointed as chief people officer by shift worker platform Deputy, increasing women in senior roles to 80%, signalling significant gender shift in the C-suite.
Visa and ANZ have been selected for Hong Kong's second e-HKD Pilot Programme phase, focusing on cross-border payments and tokenised investment assets.
Heymax and Visa launch a campaign promoting sustainable travel in Singapore, offering 2 million miles for MRT and bus rides, aiming to boost green practices.
Adyen enters the Indian market with RBI authorisation, launching local payment processing and a Bengaluru tech hub to support digital payment growth.
FinTech firm PAYSTRAX partners with UK's Cardstream to enhance cross-border payment solutions, leveraging Cardstream's global gateway for seamless online transactions.
Weel has promoted Damon Hauenstein to CFO and COO as the company scales up, aiming to further accelerate its growth trajectory, processing AUD $500 million annually.
HSBC and Visa launch Zing, a money app enabling users to manage multi-currency funds and transact globally in over 200 countries, leveraging cutting-edge fintech.
Heymax.ai has secured USD $2.6 million in seed funding led by January Capital, aiming to expand its loyalty platform across the APAC region.
Melbourne's Swinburne University has partnered with eco-fintech Sphere to use AI in analysing card payments, guiding personal climate action and CO2 offsetting.
Payment technology firm DataMesh Group allies with Visa to revolutionise card-acceptance payment processing, ditching the one-size-fits-all approach for a customisable alternative.
Visa's digital economy and anti-fraud efforts in Asia Pacific are making strides. Over USD $2bn in transactions were processed through its Token Service, and merchants reported a 58% decrease in fraud.
Currencycloud secures In-Principle Approval for a Major Payment Institution licence from the Monetary Authority of Singapore, bolstering its Asia Pacific services.
Visa uses AI to help New Zealand financial institutions prevent $273m in fraud, marking a three-fold increase from 2021 and highlighting the pivotal role of AI in financial security.
