Thales and Visa Partner to Launch Click to Pay in Asia Pacific
Thales announced a collaboration with Visa under the VDRP program to deploy Click to Pay and Payment Passkeys in Asia Pacific, initially helping issuers adopt these technologies.
Thales has announced a partnership with Visa under the Visa Digital Commerce Partner Program (VDRP) to expand Click to Pay and Payment Passkeys in the Asia Pacific region.
The Product
The initial focus is on helping card issuers deploy Click to Pay, a one-click payment technology that eliminates the need to re-enter card details. Payment Passkeys enhance security through biometric authentication.
Pricing and Availability
Pricing details have not been disclosed, but the service is expected to be available to issuers in Asia Pacific in the coming period.
Competition
The service faces competition from other digital payment solutions like Apple Pay and Google Pay, as well as local payment systems in the region.
Potential Impact on the Company
This collaboration is expected to strengthen Visa's presence in the growing Asia Pacific digital payments market and support its transaction fee revenues. It may also open new opportunities for Thales in payment solutions.
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