PayPal and Visa to push digital and mobile payments in Asia

PayPal and Visa have extended their U.S. partnership in Asia Pacific that will see them work together to accelerate the adoption of secure, reliable and convenient digital and mobile payments for consumers and merchants in the region.

It will be easier for Visa-issuing banks in Asia Pacific to offer their cardholders the ability to checkout anywhere PayPal is accepted online. The partnership also expands the use of PayPal to retailers that accept Visa in physical locations.

The agreement is an extension of the strategic partnership between PayPal and Visa in the United States, announced in July 2016.

"We could not be more proud of our extended partnership agreement with Visa in the Asia Pacific markets," said Dr. Rohan Mahadevan, Senior Vice President for PayPal Asia Pacific. "This is a strong signal that our decision to partner in 2016 was the right thing to do for PayPal, Visa and our millions of merchants and consumers in this region. We look forward to partnering with Visa to offer more choice and better experiences together online, in app and in store within Asia Pacific."

"Visa and PayPal are aligning our businesses to bring best in class payment services to the entire ecosystem," said Chris Clark, Group Executive, Asia Pacific, Visa. "From emerging markets where we'll give consumers greater access to electronic payments to driving more seamless ways to pay in developed markets, Visa and PayPal will deliver new commerce experiences across the region."