Get to know key payment vendors in Asia Pacific

The Asia Pacific (APAC) region continues to increase the breadth and depth of its digital economy, with new business models continually appearing as payment method demands and AI-powered solutions are becoming essential for success in the market. Choosing a provider that supplies the options you need and understands these ever-changing market dynamics will be crucial. While APAC continues to grow its diverse payment technologies, competition is intense and the market is ripe for solutions that can address the added complexity from new operating models, mandates, and players. In The Merchant Payment Providers In Asia Pacific Landscape, Q3 2024 report, Forrester outlines how various merchant payment providers in APAC are currently supporting the significant expansion of payment methods, countering financial fraud, and optimizing payment performance for digital business and payment professionals in the region as they seek out the best partner.

As the Forrester report states, merchants need payment software vendors that bring them closer to customers.¹ The right relationships with the right vendor at the right time can make all the difference for a merchant. Alternative payment methods are proliferating in APAC, with merchants focusing on integrating multiple alternative digital payment methods as a go-to capability they seek in a vendor. With a diverse digital economy comes diversity in business models, making it difficult for merchants to find one partner that can do it all. Merchants are consistently searching for a provider that can flexibly integrate with different systems and perform payment orchestration capabilities at the same time. However, beyond this complexity comes a new disruptor: generative AI. It’s not only enhancing transaction efficiency and security but allowing merchants to power behavioral analytics while unlocking personalized payment experiences for customers.¹ Merchants who capitalize on these areas will be better able to provide new, seamless experiences for customers engaged in the rapidly evolving digital economy within APAC, but they can’t do it without a provider that matches these expectations.

Visa highlights three extended use cases where we focus and thrive, including:

1. Fraud, chargebacks, data security, and tokenization
2. Consumer payment experience and engagement
3. POS hardware or software for in-person payments
    

These three areas cover basic and advanced features for accepting and processing payments, as well as the use of data to optimize these processes. These can be critical areas for APAC merchants, and having a provider that can address these needs can help put your business at the forefront of digital innovation and orchestration.

Looking for a provider that can offer best-in-class tokenization? Token Management Service fulfills that.

Want the freedom to innovate how you do payments? The Visa Acceptance Platform handles that.

You get the picture.

At Visa Acceptance Solutions, we’re more than just payments experts. We can help you expand your offerings to better meet merchant needs, including accepting more good orders with less friction and the flexibility to do business your way. Our extensive ecosystem works in markets across the world, with modular solutions that keep you ahead of market changes. Take the lead in supporting your business with Visa Acceptance Solutions.