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The service streamlines online purchases for Visa customers, doing away with the hassle of entering long customer details

Image Credit: CNBC

Global payments company Visa announced today that it has launched its online payment service Visa Checkout in Singapore.

It is currently accepted at a wide range of online retailers in Singapore including Golden Village, Spizza, Cold Storage, Guardian, Giant, Aviva and ComGateway. More retailers across a variety of industries, including online travel agency Zuji and supermarket chain NTUC FairPrice, will be coming onboard in the next few months.

Also Read: Hong Kong’s Tofupay wants to make online payments easy

Banks including ANZ, Bank of China, Citibank, DBS, ICBC, Maybank, OCBC, Standard Chartered Bank and UO are also registered with Visa Checkout.

Visa Checkout allows Visa customers to save their personal details, including credit card number and address, in an online account, allowing them to make online purchases just by using their username and password. The objective of this is to tackle the hassle of long and cumbersome payment processes in e-commerce transactions.

“As more people start to spend more time and money online, particularly using mobile devices, they are also demanding a fast, secure and frictionless way to shop online. Visa Checkout addresses some of the problems faced by online shoppers by reducing the number of steps required for them to complete their online purchases,” said Ooi Huey Tyng, Visa Country Manager for Singapore and Brunei.

Since its launch in 2014, Visa Checkout has acquired more than 10 million users and onboarded over 240,000 businesses and 600 financial institutions in 16 markets worldwide.

Also Read: Offline-to-online payment solutions to shape emerging markets: Ayannah

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