Touch 'n Go Group announces strategic partnership with Visa

Thursday 28 October 2021 13:31 CET | News

Malaysia-based fintech Touch ‘n Go Group has partnered with Visa to have its eWallet join Visa’s Fintech Fast Track Programme.

The partnership allows Touch ‘n Go to directly access Visa’s global network of partners and affiliates. The programme forms part of Visa’s global strategy to open its network and support a broad range of players that are developing new commerce experiences for online users. The partnership will also include the development of a Visa prepaid card solution tied to the Touch ‘n Go eWallet. This solution is expected to be available to Touch ‘n Go eWallet users in 2022.

According to the Visa Consumer Payment Attitudes study, both contactless cards (9%) and digital wallets (81%) are widely used in Malaysia. Data shows that 77% currently use both. With the upcoming Touch ‘n Go Visa prepaid card, Malaysians can benefit from both worlds, as the card complements Touch ‘n Go eWallet’s existing network of QR merchants in Malaysia with Visa’s network.

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Keywords: Visa, partnership, ecommerce, digital wallet, debit card, research
Categories: Payments & Commerce
Countries: Malaysia
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