With AI emerging as the new frontier in digital payments, Visa (NYSE: V), a global leader in the industry, has unveiled a suite of innovative products designed to enable the next wave of digital payment experiences in the Philippines. The country’s digital payment sector is rapidly expanding, with the Bangko Sentral ng Pilipinas (BSP) reporting that 50% of retail payments were digitized in 2023—a milestone that highlights both the growing adoption and the readiness for further innovation.
Philippines, 6 March 2025 – Visa (NYSE: V), a global leader in digital payments, has signed a memorandum of understanding with the Philippine Postal Corporation (PHLPost) aimed at expanding access to financial services for Filipinos, particularly those in underserved sectors such as rural communities. Under the agreement, Visa will utilize its innovation in digital payments as …
Visa (NYSE: V), a global leader in digital payments, and CIMB Bank Philippines, the most-awarded digital-only commercial bank in the country and The Asian Banker’s Best Digital Bank in the Philippines for 2025, have announced an exclusive partnership aimed at enhancing financial solutions for Small and Medium Enterprises (SMEs) in the Philippines. The signing ceremony, attended by senior officials from both Visa and CIMB Bank Philippines, marks a significant milestone in the ongoing collaboration that began in 2023.
With the surge in outbound travel demand from The Philippines, visa applications submitted for various countries are higher than ever. With this increased demand for visa application appointments, scammers pose as employees or associates of the organisation; or agents and intermediaries who sell appointments, issue fake appointment letters, or claim to influence positive visa decision, etc. to embezzle innocent visa applicants.
Visa (NYSE: V), a global leader in digital payments, is collaborating with the Credit Card Association of the Philippines (CCAP) to enhance financial education in the country. Visa will provide modules from its Practical Money Skills global digital platform for use in CCAP's training sessions, aiming to empower Filipinos to make informed financial decisions. Visa’s educational resources aim to help Filipino cardholders in the Philippines, thereby enhancing financial literacy and inclusion in the country.
Gen Z, now in their 20s and 30s, is beginning to drive changes in work, business, and relationships, according to research from Visa (NYSE: V), a global leader in digital payments. As these young professionals aged 16 to 30 pursue financial independence, they redefine youth financial management and embrace a dynamic, holistic approach to thrive in a rapidly evolving world.
It’s the holiday season—at least for Filipinos—and with it comes a surge in holiday shopping, travel, get-togethers, and festive activities. With the season being a peak time for getaways, Filipinos prioritize experience-driven travel, with Singapore, Hong Kong, and Japan being top destinations. Visa’s latest Green Shoots Radar survey[1] reveals a significant shift in how Filipinos plan and pay for their travels, showing a growing preference for contactless payments alongside the continued use of cash.
Visa, a global leader in digital payments, has partnered with Good Transport Solutions Inc. (GTSI), a transit mobility solutions provider, and GHL, a leading nationwide payment service provider and payment acquirer, to enable the use of Visa cards for payments on modern jeepneys in Bacolod City. This marks Visa's second transit project in the Philippines, following its first transit project launch in Cebu.
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