Visa offers seamless tap-to-ride experiences for Visa cardholders on Ho Chi Minh City Metro Line 1
[1] VisaNet data from Oct 2022 – Sep 2023.
[2] Visa Central Project Reporting (CPR).
[3] VisaNet Oct 2022 – Sep 2023. The figure on contactless penetration excludes U.S. market.
[4] VisaNet data at the end of Feb 2025.
HO CHI MINH CITY, VIETNAM - Media OutReach Newswire - 13 March 2025 - Visa (NYSE: V), a global leader in digital payments, has continued its role as an Official Co-sponsor of the Inauguration Ceremony for Ho Chi Minh City Metro Line 1 (Ben Thanh – Suoi Tien). As part of this initiative, Visa has launched a ", supporting contactless payments via globally issued cards, mobile devices, and wearables. Additionally, contactless payments are now available at ticket counters, and commuters can use the HCMC Metro HURC app for in-app payments. These enhancements will streamline the commuting experience, making it faster and easier for everyone, including tourists exploring the vibrant Ho Chi Minh City.The open-loop EMV tap-to-ride system is rapidly gaining popularity worldwide. Within just eleven months, Visa's network processed two billion tap-to-ride transactions globally, reflecting a 25% year-on-year increase[1]. This growth underscores the strong consumer preference for this convenient payment method, now available to commuters on HCMC Metro Line 1. With over 830 "Tap to Ride" projects globally[2], Visa is demonstrating its dedication to transforming urban mobility with simple, convenient, and secure digital payment solutions."Visa is committed to being an essential partner in enhancing Vietnam's transit experience," said. "By introducing tap-to-ride technology on HCMC Metro Line 1, we are simplifying daily commutes, supporting Vietnam's digital transformation, and improving passenger experiences. This initiative is in line with the government's long-term plans to modernize urban mobility."Globally, over 80% of Visa's face-to-face transactions are conducted via tap-to-pay[3]. By the end of February 2025, over 76% of face-to-face transactions on Visa cards in Vietnam were contactless[4]. This shift to contactless payments will enhance travel efficiency, offering significant benefits for both operations and commuters.With its extensive global experience in seamless and secure digital payments for urban transit systems, Visa is launching the "" initiative. This aims to revolutionize the commuting experience and promote sustainable mobility in Vietnam, aligning with the nation's digital transformation and urban mobility modernization goals. Visa's commitment to providing the best way to be paid is set to transform the way people travel, making daily commutes more convenient, seamless, and secure for everyone.Hashtag: #Visa #HCMCMetroLine1
The issuer is solely responsible for the content of this announcement.
About Visa
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 Visa.com.
Visa
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arabian Post
2 hours ago
- Arabian Post
Geniushub Launches 1-Hour Marketing Consultation to Help Hong Kong SMEs Seize Digital Opportunities
HONG KONG SAR – Media OutReach Newswire – 5 May 2025 – As artificial intelligence (AI) and mobile technology rapidly reshape the digital landscape, the online behaviors and media consumption habits of Hong Kong consumers are evolving at an unprecedented pace. According to the latest 《Digital 2025: Hong Kong》report, local internet penetration has reached 96%, while mobile device adoption has soared to 235%. Consuming video content and engaging across multiple platforms have become the norm. To help businesses respond to this transformation, Geniushub has announced the launch of a 1-hour marketing consultation service, offering professional advice to Hong Kong's small and medium-sized enterprises (SMEs) and supporting them in seizing new opportunities in digital transformation. In response to these trends, Geniushub has identified six key marketing insights for 2025 to help local SMEs tackle new challenges and enhance their competitiveness: Proactively Adopt AI Tools: Accelerate the use of AI for content creation, data analysis, and advertising optimization to boost marketing productivity and responsiveness. Implement AI Search Optimization (GEO): In addition to traditional SEO, optimize content to meet the emerging needs of AI-powered search tools and increase brand exposure. Cross-Platform Content Strategy: Integrate search engines, social media, official websites, and video platforms to drive diverse brand exposure and increase conversion opportunities. Leverage Short-Form Video Marketing: Platforms such as YouTube Shorts, Instagram Reels, and TikTok have become mainstream, making video strategies a fundamental requirement rather than just an option. Mobile-First Design: Ensure websites and advertising materials are fully optimized for mobile devices, streamline checkout and payment processes, and enhance user experience to increase conversion rates. Implement Diversified Marketing Strategies: Avoid relying on a single platform; design layered marketing strategies targeting different audience segments to reach potential customers comprehensively. To help SMEs capitalize on digital transformation opportunities, Geniushub is now offering a 1-hour marketing consultation service. Its team of professional consultants will provide tailored recommendations on advertising budget planning, platform selection, content strategies, and marketing approaches based on each enterprise's industry and market situation. ADVERTISEMENT Geniushub invites interested businesses to schedule a consultation and join forces to embrace the new wave of digital marketing in 2025. Hashtag: #Geniushub The issuer is solely responsible for the content of this announcement. About Geniushub Geniushub Marketing (GH), established in 2014, has offices in both Taiwan and Hong Kong. The company specializes in SEO optimization, Google Ads, Meta Ads, and YouTube advertising, providing a multi-faceted approach to reach targeted customers based on client needs.
Fintech News ME
3 hours ago
- Fintech News ME
Qatar Islamic Bank Partners with Visa to Boost Cross-Border B2B Payments
Qatar Islamic Bank (QIB) has partnered with Visa to enhance cross-border business-to-business (B2B) transactions. The collaboration involves the integration of the Visa B2B Connect platform, which will enable corporate clients to transfer funds from Qatar to 120 countries in a secure and streamlined manner. The platform is designed to support businesses in conducting international transactions more efficiently, aiming to improve the reliability and security of cross-border payments. QIB's adoption of Visa B2B Connect aligns with its broader strategy to strengthen international payment corridors and provide clients with cost-effective and consistent transfer services. Tarek Fawzi, General Manager, Wholesale Banking Group at QIB, said: 'By leveraging cutting-edge technology and digital advancements, we're able to process account-to-account transfers promptly, helping businesses stay competitive and contributing to the broader economic landscape.' QIB is the first Islamic bank in Qatar to adopt the Visa B2B Connect platform, adding to its existing international money transfer services and expanding its digital payment capabilities. Shashank Singh, Visa's Vice President and General Manager for Qatar and Kuwait, said: 'Visa B2B Connect provides seamless, secure and efficient global money movement solutions for financial institutions and their corporate clients. The solution also supports the Qatar government's efforts to drive digital innovation in the financial and business sector.' International money transfers often involve complexities, but this new network aims to improve transparency and predictability. These features may support better financial planning and strategic decision-making for businesses operating across borders.
Arabian Post
8 hours ago
- Arabian Post
SIBUR unveils updated sustainability strategy through 2030
MOSCOW, RUSSIA – Media OutReach Newswire – 6 June 2025 – SIBUR, Russia's largest producer of polymers and rubbers, has successfully concluded its five-year sustainability strategy and presented new targets for the next five-year period, 2025–2029. By 2030, the company aims to recycle at least 600,000 tonnes of plastic waste through its own and partner initiatives, including through the expansion of contract manufacturing for processing various types of plastics. In 2024, SIBUR recycled 111,000 tonnes of polymer waste, surpassing its target of 100,000 tonnes per year. Over the next five years, SIBUR plans to increase its annual output of sustainable products – those made with lower greenhouse gas (GHG) emissions or that incorporate recycled or bio-based feedstock – to 400,000 tonnes. For comparison, the company produced 287,000 tonnes of such products in 2024. ADVERTISEMENT 'Polymers are becoming an essential element in the global energy transition and green economy; their role in reducing emissions and improving energy efficiency is only growing,' said Nadezhda Galaktionova, Head of Sustainability and Climate Solutions at SIBUR. 'That's why we were the first company in Russia to make increasing revenue from sustainable product sales a specific financial target in our ESG strategy.' Another ambitious goal set by SIBUR for 2025–2029 is the development, implementation and scaling of chemical recycling technologies for mixed plastics (thermolysis). This innovative approach aims to significantly improve plastic waste management in Russia. In the next five years, SIBUR intends to achieve carbon neutrality at two more facilities through improved energy efficiency, purchases of green electricity, and the allocation of carbon units. Under the previous strategy, the company's SIBUR-PETF plant in the Tver region became Russia's first carbon-neutral production site. By 2030, SIBUR also plans to reduce its GHG emissions per tonne of product by 10% compared with 2024 levels and to support at least two nature-based climate projects. Under the previous strategy, the company verified over 3 million carbon units from climate projects at its facilities and planted more than 5 million trees. The new strategy also targets a 10% reduction in water consumption for operational needs. By 2030, SIBUR aims to increase the percentage of women in engineering and production roles at the company to at least 30% and to provide additional support for working mothers. Hashtag: #SIBUR The issuer is solely responsible for the content of this announcement.
