Finance

Visa unveils new digital payment solutions

Addressing the needs of businesses, merchants, and consumers

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Visa card digital payment

The way people paid for purchases have changed vastly throughout the past few years. To keep up with the times and expand its offerings, Visa is announcing a suite of new products and services that shall be available in the Asia Pacific. These solutions will revolutionize the card and address the future needs of businesses, merchants, and consumers alike.

Here are the following products that shall be rolled out later this year across the APAC region:

Visa Flexible Credential

Visa Flexible Credential will allow a single card product to toggle between payment methods. This will let consumers easily set parameters or choose between debit, credit, “pay-in-four,” or Buy Now, Pay Later. They may even pay using rewards or points using the same credential.

This solution is currently available in Hong Kong, Japan, the Philippines, Singapore, Thailand, and Vietnam. Visa will launch this service in more markets later this year.

Tap to Everything

This year, Visa will be adding new ways to “tap” using just a mobile device, giving users many convenient options to pay both in-person and online, as well as sending money to loved ones or managing e-wallets.

  • Tap to Phone: Use any device as a POS
  • Tap to Confirm: Easily authenticates identity when shopping online
  • Tap to Add Card: Enhanced security when adding card into a wallet or app
  • Tap to P2P: Send money between family and friends

Visa Payment Passkey Service

Built on the latest Fast Identity Online (FIDO) standards, the Visa Payment Passkey Service enables a consumer to verify and authenticate their identity. This is to authorize online payments with a quick scan of their biometrics like face or fingerprint using the tools available on their device.

Passkeys replace the need for passwords or one-time codes, streamlining secure transactions. Visa plans to roll out the service gradually in the coming years.

Click to Pay

Click to Pay will eliminate manual verification processes which can be cumbersome for guest checkouts. The solution enables customers to complete transactions by selecting which of their pre-enrolled Visa cards they’d like to pay with.

Additionally, Visa will partner with issuers across many APAC markets to enable Click to Pay on new Visa cards. This will reduce the manual entry of card details and passwords from the moment the card arrives.

Data Tokens

Visa has been adding security to the payments ecosystem for the last decade. One of their moves is tokenizing payments, which is done by removing sensitive cardholder account information from the payment flow. Using a tokenization infrastructure powered by AI, Visa will continue to offer a new way for people to control their data and receive better shopping experiences.

With data tokens, participating banks can enable an experience where a merchant can request consent from the consumer to get more personalized offers as they shop. If a consumer agrees, Visa will issue a private data token to the merchant behind the scenes, complete with AI-generated insights based on the consumer’s transaction data.

This data token can be used with the merchant’s AI models to deliver real-time recommendations for the shopper. Visa will also pass the data token to the consumer’s bank to capture where the data has been shared. This way, the client can review where it has been shared and revoke access if they choose to.

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Finance

UnionDigital Bank, Chubb partner for accessible insurance protection

Chubb insurance products now integrated into UD app

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June 17, 2026

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UnionDigital Bank and Chubb Philippines have partnered to bring accessible insurance protection to Filipinos.

The strategic partnership integrates Chubb’s insurance solutions directly on the UD app. These comprehensive solutions will be seen among UD’s suite of financial products. That way, insurance protection becomes more accessible for consumers.

The two key insurance products in the initial rollout are Loan Protect Insurance and Kaya Protect Insurance.

The first product is automatically included for eligible UD loan borrowers at no additional cost for the first three months once the loan is approved.

In the event of accidental death, permanent disability, temporary disability, or death due to illness, Loan Protect Insurance pays up to the original loan amount to cover 100% of the customer’s outstanding loan balance.

Any remaining balance is released to beneficiaries. Loan Protect Insurance is currently available for loans up to PhP 30,000 with short-term repayment periods.

Meanwhile, Kaya Protect Insurance will be available soon. This provides personal accident and accidental death coverage up to PhP 150,000 and is activated automatically by maintaining a low minimum balance of PhP 100 in the insured’s savings account.

The partnership between UnionDigital Bank and Chubb aims to address the protection gap, as according to a Bangko Sentral ng Pilipinas (BSP) survey, 48% of adult Filipinos are currently uninsured.

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Finance

New luvit card offers flexible Buy Now, Pay Later installments

Simple application process, borrow up to PhP 200,000

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May 13, 2026

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FinVolution Group has unveiled the luvit card, making everyday payments accessible and flexible for users through a Buy Now, Pay Later approach.

The rollout marks the company’s move into card-based solutions, bringing installment-enabled transactions into a format that works both online and in physical stores — whether locally or abroad.

To get started, simply download luvit via the App Store or Google Play. Signing up on the app only needs minimal requirements and fast approval.

Once approved, users can start using the Mastercard-powered physical luvit card for a range of expenses. This includes daily purchases, bills, travel bookings, and other lifestyle spendings.

Users can borrow from PhP 2,000 to PhP 200,000 (~US$ 32.56 to ~US$ 3,255.80).

The Buy Now, Pay Later card is designed to accommodate various financial needs. Users can repay in installment options that work for them. In addition, a 0% interest installment is available for the first 40 days.

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Finance

Atome now allows in-app bill payments with Bayad partnership

Pay for utilities, internet, government contributions directly within the app

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April 22, 2026

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Atome Philippines has partnered with Bayad to allow users to pay for utilities, internet, and government contributions directly within the Atome app.

The integration with the country’s largest bill payment aggregator is designed to help Filipinos manage household budgets more easily without the need for extra steps.

Atome users no longer need to switch from one app to another, nor visit websites to handle monthly bills. Bayad’s extensive network of billers and service providers can be accessed through the platform.

As such, electricity and water bills, as well as government fees, can be paid for directly via the app.

Beyond convenience, users will likewise earn Atome rewards points on every utility bill payment they make.

The partnership between Atome and Bayad is an important step in financial inclusion in the Philippines.

It gives unbanked and underbanked individuals a simpler and more rewarding way to manage essential household expenses.

Atome is known popularly for its Buy Now, Pay Later (BNPL) offering. It has tie-ups with retailers like fashion, beauty, travel, and more.

The digital financial service platform also offers a Mastercard-powered BNPL card, as well as petty cash loans.

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