Modernizing legacy infrastructure with an open payments platform in APAC

Legacy systems, while reliable, often lack the flexibility and scalability required to meet the demands of the modern marketplace. 

By transitioning to API-driven architectures and migrating to the cloud, businesses can integrate new modular solutions—such as tokenization, advanced fraud detection, and additional payment rails—on top of existing systems. This not only helps to enhance security and efficiency but also opens the door to innovative functionalities that can drive growth and boost customer satisfaction.

The benefits of modernizing legacy systems include:

• Scalability and flexibility: Modular open platforms allow businesses to scale their operations seamlessly. Whether it's adding new payment methods, integrating advanced security features, or expanding into new markets, these platforms provide the flexibility needed to adapt and grow.
• Enhanced security: With advanced fraud detection and tokenization solutions, businesses can protect themselves and their customers. This not only builds trust but also helps ensure compliance with regulatory requirements.
• Improved customer experience: By offering a seamless and convenient payment experience, businesses can enhance customer satisfaction and loyalty. Whether it's enabling tap-and-go transit or providing a frictionless eCommerce experience, modular open platforms make it possible to meet and exceed customer expectations.

Expanding into new industries can be a game-changer for businesses looking to diversify their revenue streams and reach new customer segments. 

The Visa Acceptance Platform offers an ecosystem of pre-integrated partners and tailored solutions that enable acquirers to successfully expand into various industries. This helps reduce integration complexity and increase speed to market to gain an edge over competitors.

Examples of successful industry integration include:

• Transit: Visa has revolutionized urban mobility with the successful implementation of contactless travel in Japan across 50+ operators nationwide, including Tokyo and Osaka. Passengers can use Visa cards or smartphones to tap and pay at transit gates, streamlining boarding and reducing waiting times. The system's interoperability allows seamless travel across buses, trains, and metros. This convenience benefits both locals and tourists, who can use their Visa credit cards.
• Airlines and travel: Leveraging partnerships with airline technology partners, we provide tailored payment solutions that deliver a seamless travel experience for passengers. For instance, we partner with Amadeus to integrate advanced payment solutions into Amadeus’ platforms to support multiple payment methods and currencies, allowing airlines to cater to a global customer base. 
• Retail and eCommerce: Our platform offers advanced payment solutions that cater to the unique needs of retailers, ensuring a seamless and secure shopping experience for customers. We drive payment acceptance through various methods, including cards, digital wallets, and contactless payments for merchants. Other solutions such as Token Management Service and Payer Authentication protect sensitive data and reduce chargebacks for merchants. 

As you look to expand your business footprint, entering new markets presents both opportunities and challenges. The Visa Acceptance Platform is designed to help acquirers navigate these complexities, providing the tools and support needed to succeed in APAC’s diverse markets. 

Strategies for expansion include:

• Localized solutions: The platform offers solutions that cater to the specific needs and preferences of each market for a smooth entry and successful operation.
• Regulatory compliance: Navigate the regulatory landscape with ease through built-in compliance features that can ensure adherence to local relevant regulations.
• Partnership ecosystem: The platform provides access to a rich network of local and global partners, enabling businesses to tap into new opportunities and drive growth.

The future of payments in APAC is bright, and the time to act is now. By modernizing legacy infrastructure with a modular open platform, businesses can position themselves at the forefront of innovation, driving growth and success in an increasingly competitive landscape. At Visa, we are here to support you every step of the way, providing the tools and expertise needed to unlock the full potential of your business.

Our APAC team can help you start your journey today with our open, modular platform so you can be part of the revolution transforming payments across Asia Pacific.