Integrating AI into Regional Commerce Infrastructure
Among the highlighted developments is Visa Intelligent Commerce. This initiative seeks to provide developers and AI platforms with access to Visa’s payment infrastructure, through a set of APIs and a commercial partner framework. The objective is to enable secure, large-scale transaction facilitation using AI-powered tools.
Currently, Visa is exploring collaborations with companies such as Ant International, Grab, and Tencent to further expand these capabilities across the region.
Enhancing Digital Identity and Authentication
At the showcase, Visa also updated on its evolving digital identity and authentication efforts. Key features like Passkeys and Tap to Confirm are being incorporated to improve user verification and reduce transaction friction. These enhancements are being implemented in partnership with regional entities such as Coles in Australia and Maybank in Malaysia.
Supporting Small-Scale Economic Activity
Visa is introducing Visa Accept in Vietnam, enabling individuals like street vendors and freelancers to accept contactless payments via their smartphones. This feature requires the presence of eligible Visa debit cards and participation through supported banking apps.
Cryptocurrency Integration
In the cryptocurrency space, Visa is expanding its use of stablecoins for payments and settlements. The company has facilitated over $225 million in stablecoin volume to date and is working with partners like DCS Singapore, DTC Pay, and StraitsX to offer stablecoin-backed cards. These enable users to purchase stablecoins with fiat currency and transact using them at Visa-accepting merchants.
Additionally, Visa’s Tokenized Asset Platform (VTAP) is advancing further, providing capabilities for issuing fiat-backed tokens and integrating with public and private blockchains. The platform aims to facilitate programmable finance and tokenized asset trading, with expansion plans slated for 2025.
