Visa is also expanding its security technologies beyond plastic cards to in-store contactless payment and in-app payment, along with mobile, electronic commerce and push payment. $6.1-trillion opportunityMr Clark said urbanisation and increasing mobile usage are driving the appetite for digital payments across Asia-Pacific. In Southeast Asia, total payment volume payment is $1.3 trillion, of which 76% is cash & cheques. But the increased adoption of mobile and contactless payments technology, as well as Thailand's digital payment initiatives, drove digital payments here to grow by 4-5 times during 2007-17. "We have reached a point where security is embedded in the process," said Joe Cunningham, head of risk for Visa Asia-Pacific.

Source: Bangkok Post June 10, 2018 22:52 UTC