Citi has unveiled a contactless credit card in the Philippines using Visa’s payWave.
Visa is working to drive greater acceptance of Visa payWave cards beyond the usual fast food restaurants, grocery stores, and convenience stores where it is currently accepted.
Batara Sianturi, Citi country officer, said: "Citi is proud to once again be at the forefront of customer banking innovation in the Philippines. We are delighted to introduce our clients to a new way to pay with their credit cards – where they simply wave, pay and go. In partnership with Visa and the merchants, we are committed to better serve customers."
Iain Jamieson, Visa country manager in Philippines and Guam, said: "Today’s launch of Visa payWave marks a tremendous step forward in transforming the Philippines into a modern, cashless society. Time is the most valuable asset for busy Filipino cardholders who no longer have to wait in long queues or fumble with cash or coins.
Jamieson added: "Our research shows that cardholders appreciate Visa payWave because they don’t have to carry cash for small-value purchases – and it is as secure as paying with a regular Visa chip card. Retailers will benefit from faster checkouts, reduced queuing and lowering cash handling costs."
Visa launched payWave in 2007.