Visa (NYSE: V), a global leader in digital payments, announced today that Visa debit and credit cardholders in the Philippines can now add their eligible cards to Apple Pay on their iPhone, Apple Watch, iPad, and Mac. Apple Pay is an easy, secure and private way to pay in-store, in-app and online.
This announcement accelerates the digitalization of payments all while expanding payment options for Filipinos traveling abroad and visitors traveling to the Philippines. Across the Asia Pacific region, 97% of travelers[1] say that they will bring credit, debit, or prepaid cards on their trips, while only 17% intend to bring foreign currency. Among travelers, 38% said they prefer cards because of robust security and fraud protection features, while 20% cite wide acceptance. Apple Pay seamlessly delivers on these exact needs by making everyday transactions easy, secure, and private.
To pay in-store, customers simply double-click the side button, authenticate, and hold their iPhone or Apple Watch near a payment terminal to make a contactless payment. Every Apple Pay purchase is secure because it is authenticated with Face ID, Touch ID, or device passcode, as well as a one-time unique dynamic security code. Apple Pay is accepted in grocery stores, pharmacies, restaurants, coffee shops, retail stores, and many more places that accept contactless payments.
Customers can also use Apple Pay on iPhone, iPad, and Mac to make faster and more convenient purchases in apps or on the web without having to create accounts or repeatedly type in contact information, card details, or shipping and billing information.
“Apple Pay represents the next evolution of payments in the Philippines, combining ease of use, simplicity, and security in every transaction, helping amplify the payment experience for Visa cardholders in the Philippines. With Apple Pay, Filipinos and tourists alike now have seamless and secure ways to pay across shops, restaurants, travel destinations, and public transport, supporting the nation’s vision to become a cash-lite economy,” said Jeffrey Navarro, Country Manager for Visa Philippines.
Security and privacy are at the core of Apple Pay. When customers use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element, an industry-standard, certified chip designed to store the payment information safely on the device.
Apple Pay is easy to set up. On iPhone, simply open the Wallet app, tap the ‘+’, and follow the steps to add a Visa card. Once a customer adds a card to iPhone, Apple Watch, iPad, and Mac, they can start using Apple Pay on that device right away. Customers will continue to receive all of the rewards and benefits offered by their Visa cards.
For more information on Apple Pay, visit: https://www.apple.com/ph/apple-pay/
