At the showcase on May 30, Jack Forestell, Visa’s chief product and strategy officer, said, “Combining the strength of our global network with our leadership in payment innovation here in Asia-Pacific, we are bringing new products and solutions that will transform commerce and deliver trust and security to AI-enabled payments across the region.”
The showcase highlighted how AI-enabled digital commerce will significantly change the way consumers across the region discover and purchase products and services. In the near future, AI agents will browse, select, purchase, and manage transactions on behalf of users, making trust in payments more important than ever. Visa’s new AI-enabled solutions offer regional partners, including AI platforms, fintechs, banks, and merchants, a seamless way to connect to the Visa network to deliver secure, frictionless payment experiences.
Jack Forestell, Visa’s chief product and strategy officer
Headlining the announcement, the company introduced Visa Intelligent Commerce, a new initiative that opens Visa’s payments network to developers and engineers building the first generation of AI-powered commerce in Asia-Pacific.
Visa Intelligent Commerce brings a suite of integrated APIs and a commercial partner programme to AI platforms, enabling developers to deploy Visa’s AI commerce capabilities securely and at scale. Visa announced that it is in explorations with Ant International, Grab, and Tencent to grow AI commerce by enabling a secure and seamless checkout experience.
Ant International is a leading global digital payment, digitalisation, and fintech provider. Grab is Southeast Asia’s leading super app offering ride-hailing, food delivery, digital payments, and financial services across eight markets. Tencent is a multinational technology leader that has developed a wide range of digital products and services, including Weixin/WeChat, China’s super app.
Over the past 25 years, Visa’s global network has handled 3.3 trillion transactions. Today, Visa is advancing its infrastructure, standards, and capabilities to power AI-driven commerce, opening new opportunities for consumers across Asia-Pacific. Soon, AI agents integrated into familiar platforms will be able to transact using Visa’s 4.8 billion credentials at millions of merchant locations worldwide.
Dung Dang, Visa country manager for Vietnam and Laos, said, “As global commerce continues to evolve rapidly, Visa remains at the forefront of delivering innovations that will enable the future of commerce across Asia-Pacific.”
“We believe AI agents will play a growing role in commerce, from handling routine purchases such as ordering food, to more complex purchases such as securing event tickets or making travel reservations,” added Dung. “By combining AI capabilities with Visa’s trusted payment infrastructure, we are enabling a seamless, secure, and more enjoyable experience for consumers, merchants, and businesses alike.”
Source: vir.com.vn