Visa expects the launch of Android Pay in Singapore to further accelerate the growth of mobile payments in the country. Android Pay uses the Visa Token Service which replaces cardholder information with a unique digital identifier without exposing sensitive account information.
"Singapore is one of the leading markets for contactless payments globally and the launch of Android Pay will bring the growth of contactless payments in Singapore to the next level," said Ooi Huey Tyng, Country Manager, Visa Singapore and Brunei.
"Consumers today are already adopting contactless payments in popular categories such as supermarkets and quick service restaurants (QSR). In supermarkets alone, we’re seeing more than two million transactions being made on Visa payWave each month. QSRs such as McDonald’s and ToastBox, which introduced contactless payments last year, have also seen accelerated growth. Visa payWave transactions have more than doubled year-on-year at McDonald’s, with Toastbox seeing close to 100% of all Visa transactions being made on Visa payWave."
Interested?
Read the TechTrade Asia blog post about MasterCard and Samsung Pay
"Singapore is one of the leading markets for contactless payments globally and the launch of Android Pay will bring the growth of contactless payments in Singapore to the next level," said Ooi Huey Tyng, Country Manager, Visa Singapore and Brunei.
"Consumers today are already adopting contactless payments in popular categories such as supermarkets and quick service restaurants (QSR). In supermarkets alone, we’re seeing more than two million transactions being made on Visa payWave each month. QSRs such as McDonald’s and ToastBox, which introduced contactless payments last year, have also seen accelerated growth. Visa payWave transactions have more than doubled year-on-year at McDonald’s, with Toastbox seeing close to 100% of all Visa transactions being made on Visa payWave."
Interested?
Read the TechTrade Asia blog post about MasterCard and Samsung Pay
posted from Bloggeroid
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