Shopee, Visa partner to boost the digital economy in Southeast Asia

Friday 2 October 2020 11:38 CET | News

Shopee and Visa have announced a five-year regional strategic partnership to encourage greater participation in Southeast Asia’s digital economy.

According to the press release, Shopee users will be able to pay with an ease of mind using Visa and benefit from additional promotions and rewards. This partnership is part of Shopee’s mission to better the lives of individuals and businesses through technology, which increasingly includes digital payments. 

Therefore, as part of the regional agreement, Shopee and Visa will partner to:

  • incentivise MSMEs to digitalise their business on Shopee and adopt digital payments through Visa;

  • provide MSMEs with marketing and campaign support to drive awareness, traffic, and sales to online stores;

  • launch co-branded credit cards in collaboration with local banks;

  • offer fast, easy, and secure Visa payments to all Shopee users;

  • create unique experiences for Shopee users through Visa’s exclusive sponsorship platforms.

Furthermore, the partnership will also see Shopee deepen its relationship with CyberSource, Visa’s full-service payment management platform, to support transaction processing and fraud detection, while facilitating the overall online shopping experience.  

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Keywords: Shopee, Visa, Southeast Asia, digital economy, digital payments, MSMEs, credit cards, Cybersource, payment management platform, transaction processing, fraud detection, online shopping
Categories: Payments & Commerce
Countries: Asia
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Payments & Commerce

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