Visa and PayPal extend partnership to APAC
(5 April 2017 – Singapore) PayPal and Visa have announced an extension of their partnership beyond the US, and into the Asia-Pacific region in a moved aimed at boosting transactions via digital payments for both firms.
Similar to the US deal announced in July 2016, the collaboration will allow customers of both companies to choose either mode of payment.
PayPal’s head of payments, product and engineering says it is "encouraged" by the increasing usage frequency and reduction of complaints from customers.
In a statement, PayPal and Visa said that the partnership makes it easier for Visa-issuing banks in the Asia-Pacific region to offer cardholders the ability to make payments anywhere PayPal is accepted online, and it also expands the use of PayPal to retailers that accept Visa in physical locations.
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