Visa Stays Ahead of the Curve in AI-Driven Commerce in the Philippines

World leader in digital payment technology announces new innovations in the Philippines to drive flexibility, security and acceptance

With AI emerging as the new frontier in digital payments, Visa (NYSE: V), a global leader in the industry, has unveiled a suite of innovative products designed to enable the next wave of digital payment experiences in the Philippines. The country’s digital payment sector is rapidly expanding, with the Bangko Sentral ng Pilipinas (BSP) reporting that 50% of retail payments were digitized in 2023—a milestone that highlights both the growing adoption and the readiness for further innovation.

As digital transactions continue to rise, Visa’s AI-enabled solutions are set to empower Filipino consumers and business owners by providing secure, seamless payment experiences. “The continuously growing digital payment sector in the Philippines makes it a prime environment for technological innovation—one that harnesses AI for the benefit of the digital Filipino business owner and consumer,” said Jeffrey Navarro, Country Manager, Visa Philippines.