Latest news with #VisaPaymentPasskey
Qatar Tribune
3 days ago
- Business
- Qatar Tribune
Click To Pay: Unlocking Qatar's eCommerce potential through smarter, safer payments
As Qatar rapidly embraces digital transformation, eCommerce is emerging as one of the fastest-growing sectors in the country. A new Visa report sheds light on how consumers are shopping online more frequently than ever—but also reveals that persistent friction at checkout continues to hinder growth. In this exclusive interview with Qatar Tribune, Shashank Singh, Visa's Vice President and General Manager for Qatar and Kuwait, dives into the key findings from Visa's latest Checkout Friction Report. He discusses the surge in online shopping, the impact of innovations like biometric-enabled Click to Pay and why improving the online checkout experience is now critical for businesses—especially SMEs—looking to thrive in Qatar's evolving digital economy. Excerpts: What's driving the strong growth of eCommerce in Qatar, even as some payment challengesremain? The rise of eCommerce in Qatar is being fueled by consumers' increasing comfort with online platforms and a growing digital infrastructure. Visa's latest Checkout Friction Report shows that one in four respondents now shop online for groceries every day, and for categories like fashion, entertainment, and electronics, many shop at least oncea month. However, while adoption is high, the online checkout experience remains a sticking point for many. Common frustrations, especially having to manually enter card details and concerns about payment security, continue to affect both satisfaction and conversion. Addressing these pain points presents a significant opportunity for retailers to boost loyalty and revenue. The report shows many respondents would shop more with one click checkout and biometrics. Is Click to Pay the answer, and is it already available in Qatar? Yes, Click to Pay is already live in Qatar. In fact, Qatar National Bank (QNB) was the first acquirer bank globally to launch Visa's Click to Pay with biometric authentication and Qatar Islamic Bank (QIB) was the first issuer bank in both Qatar and the GCC to launch the service in partnership with Visa. This feature eliminates the need for consumers to repeatedly enter card and personal details, using biometric authentication on the shopper's device to speed up and secure the process. The demand for this kind of innovation is strong. Seventy-one percent of respondents said they would likely use Click to Pay with Biometrics, and 80 percent said they would shop more frequently if a one-click checkout was available. Security is a key concern for many shoppers especially when it comes to biometric data. How can merchants ensure security of such data? Security is top of mind for Qatar's online shoppers, with 68 percent worried about fraud and 58 percent uneasy about storing card details across multiple sites. Concerns around biometric data are understandable and increasingly relevant. Click to Pay addresses this by using Visa Payment Passkey, which authenticates users through their device's built-in biometrics like fingerprint or face ID. Crucially, this biometric data never leaves the user's device and isn't shared with merchants or payment networks, reducing the risk of misuse. Tokenization adds another layer of protection by replacing card details with a secure, encrypted token, meaning actual card information is never exposed during transactions. Merchants also play a critical role by following data security standards like Payment Card Industry Data Security Standard (PCI DSS), ensuring secure storage, encryption, and access control. Protecting sensitive data takes a layered approach – combining secure tech, industry compliance, and a strong culture of data responsibility across the payments ecosystem. What should small businesses and eCommerce sites take away from this study? Can improved checkout experiences help attract more customers? Absolutely. The findings of the Checkout Friction Report are clear. A smoother, more secure checkout process directly impacts customer satisfaction, loyalty, and ultimately, sales. Small businesses and eCommerce sites should see this as a call to action. By embracing advanced solutions like Click to Pay, streamlining the payment journey, and prioritizing security, they not only improve conversion rates but also build long term trust with their customer base. With digital transformation high on Qatar's national agenda, now is the perfect time for merchants, especially smaller players, to align with evolving consumer expectations and stand out in an increasingly competitive eCommerce landscape.
Qatar Tribune
3 days ago
- Business
- Qatar Tribune
Click To Pay: Unlocking Qatar's eCommercepotential through smarter, safer payments
As Qatar rapidly embraces digital transformation, eCommerce is emerging as one of the fastest-growing sectors in the country. A new Visa report sheds light on how consumers are shopping online more frequently than ever—but also reveals that persistent friction at checkout continues to hinder growth. In this exclusive interview with Qatar Tribune, Shashank Singh, Visa's Vice President and General Manager for Qatar and Kuwait, dives into the key findings from Visa's latest Checkout Friction Report. He discusses the surge in online shopping, the impact of innovations like biometric-enabled Click to Pay and why improving the online checkout experience is now critical for businesses—especially SMEs—looking to thrive in Qatar's evolving digital economy. Excerpts: What's driving the strong growth of eCommerce in Qatar, even as some payment challengesremain? The rise of eCommerce in Qatar is being fueled by consumers' increasing comfort with online platforms and a growing digital infrastructure. Visa's latest Checkout Friction Report shows that one in four respondents now shop online for groceries every day, and for categories like fashion, entertainment, and electronics, many shop at least oncea month. However, while adoption is high, the online checkout experience remains a sticking point for many. Common frustrations, especially having to manually enter card details and concerns about payment security, continue to affect both satisfaction and conversion. Addressing these pain points presents a significant opportunity for retailers to boost loyalty and revenue. The report shows many respondents would shop more with one click checkout and biometrics. Is Click to Pay the answer, and is it already available in Qatar? Yes, Click to Pay is already live in Qatar. In fact, Qatar National Bank (QNB) was the first acquirer bank globally to launch Visa's Click to Pay with biometric authentication and Qatar Islamic Bank (QIB) was the first issuer bank in both Qatar and the GCC to launch the service in partnership with Visa. This feature eliminates the need for consumers to repeatedly enter card and personal details, using biometric authentication on the shopper's device to speed up and secure the process. The demand for this kind of innovation is strong. Seventy-one percent of respondents said they would likely use Click to Pay with Biometrics, and 80 percent said they would shop more frequently if a one-click checkout was available. Security is a key concern for many shoppers especially when it comes to biometric data. How can merchants ensure security of such data? Security is top of mind for Qatar's online shoppers, with 68 percent worried about fraud and 58 percent uneasy about storing card details across multiple sites. Concerns around biometric data are understandable and increasingly relevant. Click to Pay addresses this by using Visa Payment Passkey, which authenticates users through their device's built-in biometrics like fingerprint or face ID. Crucially, this biometric data never leaves the user's device and isn't shared with merchants or payment networks, reducing the risk of misuse. Tokenization adds another layer of protection by replacing card details with a secure, encrypted token, meaning actual card information is never exposed during transactions. Merchants also play a critical role by following data security standards like Payment Card Industry Data Security Standard (PCI DSS), ensuring secure storage, encryption, and access control. Protecting sensitive data takes a layered approach – combining secure tech, industry compliance, and a strong culture of data responsibility across the payments ecosystem. What should small businesses and eCommerce sites take away from this study? Can improved checkout experiences help attract more customers? Absolutely. The findings of the Checkout Friction Report are clear. A smoother, more secure checkout process directly impacts customer satisfaction, loyalty, and ultimately, sales. Small businesses and eCommerce sites should see this as a call to action. By embracing advanced solutions like Click to Pay, streamlining the payment journey, and prioritizing security, they not only improve conversion rates but also build long term trust with their customer base. With digital transformation high on Qatar's national agenda, now is the perfect time for merchants, especially smaller players, to align with evolving consumer expectations and stand out in an increasingly competitive eCommerce landscape.
Yahoo
28-05-2025
- Business
- Yahoo
Visa Expands Click to Pay Across Asia Pacific Via Hong Kong's ZA Bank
Visa Inc. V recently introduced a transformative solution, Click to Pay, across Hong Kong, and ZA Bank, the country's largest and first digital bank, has extended a helping hand by becoming the first card-issuing bank to deploy the feature across Hong Kong and the broader Asia Pacific region. This marks the beginning of a wider rollout, with 11 additional markets expected to follow. Click to Pay is designed to simplify online shopping by removing the friction associated with traditional checkout methods. Once users activate their Visa card within their issuing bank's app, they can skip entering long card numbers and avoid filling out form fields. Users will also no longer need to remember complex passwords. This not only enhances user convenience but also reduces the average checkout time. With consumer card information securely stored by Visa, users benefit from a trusted and secure environment without relying on third-party websites to store sensitive details. To further enhance ease of use, Click to Pay is embedded at the card level, meaning consumers don't need to register separately on eCommerce or merchant platforms. Activation occurs automatically once the card is onboarded via the bank's app, making it instantly available for use. Consumers can set up their Visa Payment Passkey using their device's built-in biometric tools or screen lock. This adds an extra layer of protection when authenticating future online purchases across participating eCommerce platforms. Enhanced security remains a key pillar of Visa's Click to Pay, which seems to be of immense need amid the surge in online frauds amid a booming digital era. Therefore, the ulterior motive of the Visa solution remains to revolutionize the online shopping experience, lead to a reduction in cart abandonment rates for eCommerce transactions and improve authorization rates. Therefore, it provides for higher conversion rates and lesser fraud risks for merchants as well as enables shoppers to complete purchases with just a few clicks using their registered email address, phone number or a Visa Payment Passkey. Introducing such a beneficial solution across Hong Kong is expected to expand Visa's customer base across the region while driving higher revenues from its key enablers suite, of which Click to Pay is a part. This portfolio also contains innovative solutions such as Tap to Pay and Visa Token Service. The company aims to drive growth in consumer payments by increasing acceptance points and strengthening consumer engagement through key enablers. Furthermore, rolling out Click to Pay across Hong Kong is also reflective of Visa's keen eye to capture digital growth prospects of the broader Asia Pacific region. The region's eCommerce growth is fueled by rising mobile usage, digital innovation and robust connectivity. Major acquirers like AsiaPay and an extensive network of merchants across the targeted region have already adopted V's Click to Pay. Shares of Visa have gained 30.4% in the past year compared with the industry's 24.5% growth. V currently carries a Zacks Rank #3 (Hold). Image Source: Zacks Investment Research Some better-ranked stocks in the Business Services space are Limbach Holdings, Inc. LMB, APi Group Corporation APG and Shift4 Payments, Inc. FOUR. While Limbach sports a Zacks Rank #1 (Strong Buy), APi Group and Shift4 Payments carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here. The bottom line of Limbach outpaced estimates in each of the last four quarters, the average surprise being 91.17%. The Zacks Consensus Estimate for LMB's 2025 earnings indicates an improvement of 21.9% from the year-ago figure. The consensus mark for revenues implies growth of 18.7% from the year-ago number. The consensus mark for LMB's earnings has moved 27.2% north in the past 30 days. APi Group's earnings outpaced estimates in three of the trailing four quarters and matched the mark once, the average surprise being 4.06%. The Zacks Consensus Estimate for APG's 2025 earnings indicates an improvement of 11.4% from the year-ago figure. The consensus mark for revenues implies growth of 6.8% from the year-ago number. The consensus mark for APG's earnings has moved 3% north in the past 30 days. The bottom line of Shift4 Payments outpaced estimates in three of the last four quarters and missed the mark once, the average surprise being 16.78%. The Zacks Consensus Estimate for FOUR's 2025 earnings indicates an improvement of 43.4% from the year-ago figure. The consensus mark for revenues implies growth of 26.1% from the year-ago number. The consensus mark for FOUR's earnings has moved 18% north in the past 30 days. Shares of Limbach, APi Group and Shift4 Payments have gained 128.2%, 30.2% and 35.2%, respectively, in the past year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Visa Inc. (V) : Free Stock Analysis Report Limbach Holdings, Inc. (LMB) : Free Stock Analysis Report APi Group Corporation (APG) : Free Stock Analysis Report Shift4 Payments, Inc. (FOUR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
27-05-2025
- Business
- Business Insider
Visa (V) Just Launched a Major Update to Make Online Shopping Easier
Payment giant Visa (V) just launched a major update to make online shopping faster and easier. ZA Bank, Hong Kong's biggest digital bank, is the first in Asia Pacific to introduce Visa's new Click to Pay feature. This tool lets shoppers finish purchases in seconds without typing in their card details every time. Indeed, Click to Pay lets shoppers skip guest checkout, form fields, and password entries to cut checkout time from five minutes to under one. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter It is worth noting that Click to Pay works like tap-to-pay but for online shopping. It allows you to pay using just your registered email, phone number, or a Visa Payment Passkey. With fewer steps at checkout, people are more likely to complete their purchases, which should help reduce the number of abandoned carts that can be as high as 84%. Visa says this smoother process can improve purchase approval rates by about 2.5%. Interestingly, users don't have to sign up separately in order to use Click to Pay since it's already included with Visa cards from participating banks. In addition, many merchants and payment processors in Asia Pacific, like AsiaPay, already support this feature. The partnership between Visa and ZA Bank highlights the growing demand for faster, safer, and simpler online shopping. Is Visa Stock a Good Buy? Turning to Wall Street, analysts have a Strong Buy consensus rating on Visa stock based on 21 Buys, four Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average Visa price target of $385 per share implies 8.9% upside potential.
Korea Herald
26-05-2025
- Business
- Korea Herald
Visa launches Click to Pay in Hong Kong with ZA Bank, the first issuing bank in Asia Pacific
SINGAPORE, May 26, 2025 /PRNewswire/ -- Visa, a global leader in digital payments, today announced a significant advancement that will transform the eCommerce experience. Hong Kong's first and largest digital bank [1], ZA Bank, pioneers Click to Pay, enabling cardholders to complete online transactions in seconds without the need for manual card entry. ZA Bank is the first card issuing bank to enable Visa Click to Pay in Hong Kong and across Asia Pacific, with 11 more markets to follow. Click to Pay is the new standard in online shopping; it brings greater convenience to online shopping. When Click to Pay is enabled, consumers can skip guest checkout, bypass form fields and forgo the hassle of remembering passwords after setting up their Visa card on the issuing Bank's app. By eliminating the need to manually enter your Personal Account Number (PAN), or your 16-digit card number, and passwords, reducing checkout time from five minutes to under one minute [2]. Data is also securely stored with Visa, ensuring trust and security without the need for consumers to store their information on third-party sites. With cart abandonment rates as high as 84% 2 for eCommerce, Click to Pay seeks to reduce friction by improving authorisation rates by an average of 2.5% [3], improving business for merchants. Without the complexity of card information input, it is like contactless payment, for online shopping. Click to Pay enables consumers to complete online transactions within a few clicks, powering a more seamless and secure checkout experience at scale. Consumers only need their registered email, phone number or Visa Payment Passkey to check-out online. T.R. Ramachandran, Head of Products and Solutions, Asia Pacific, Visa, said, "eCommerce in Asia Pacific has been accelerated by mobile phone ownership, digital advancements and connectivity in Asia Pacific. Our partnership with ZA Bank is a great example of Visa's ongoing industry collaboration to bring innovative payment solutions that benefit the consumer, merchant and issuer. When Click to Pay is used, and combined with Visa Payment Passkey, consumers can enjoy a seamless checkout experience with just three clicks [4] while merchants will benefit from a quicker checkout time, improved authorisation rates and far lower fraud rates. Visa will continue to uplift the consumer retail and online experience while bringing greater commercial success and more innovations to our bank and merchant partners across the region." By making Click to Pay a card-level feature that comes ready with Visa cards, cardholders can access the solution without having to sign up separately on third-party eCommerce or merchant sites for Click to Pay. There is no additional setup required by consumers. To provide additional peace of mind with the Click to Pay capability, cardholders can set up their Visa Payment Passkey using their native device's biometric capability or screen lock and use the Passkey for future payment authentication when they check out at participating eCommerce sites. In the Asia Pacific region, major acquirers, including AsiaPay, and a wide range of merchants have geared up with Visa Click to Pay solutions. Consumers can now enjoy enhanced checkout and payment experiences at their favourite shops or merchants. The ZA Bank partnership highlights a growing demand among issuers, acquirers and merchants for prioritising safe, seamless and frictionless checkouts to increase customer satisfaction with a better online shopping experience. It also gives us a glimpse into what next generation eCommerce will look like – safe, seamless, secure and fast. Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at
