Visa Inc. Class A

• Joint efforts aim to improve payment convenience and create smoother travel experiences as Asia Pacific travel demand accelerates.

SINGAPORE, March 11, 2026 /PRNewswire/ -- As international travel rebounds across Asia Pacific, Visa (NYSE: V), a global leader in digital payments, and Trip.com Group have entered into a new global agreement designed to make booking and paying for travel more seamless for consumers and partners worldwide. Through this collaboration, Trip.com Group will introduce a virtual travel card program issued in partnership with Visa via Trip.com Group's fintech arm, TripLink.

The program, already launched in Singapore and expanding to the Netherlands and Hong Kong, is designed to help travel suppliers, hotels, and agencies process payments more efficiently and securely, ultimately improving the overall experience for travelers.

Under this collaboration, Visa and Trip.com Group will:

• Introduce Visa virtual card credentials across Trip.com Group's global operations to streamline B2B payment flows, reduce manual reconciliation, and improve data visibility for travel partners.
• Support the recovery of international travel through joint marketing efforts that connect travelers to more destinations and experiences.
• Improve card acceptance and payment reliability across Trip.com Group platforms, ensuring travelers can book and pay easily no matter where they are.

This partnership comes as traveler confidence continues to grow. According to Visa's research, 55% of Asia Pacific consumers plan to travel in the next six months, with Japan, China, and Australia among the most popular destinations[1]. Credit cards remain the preferred payment method for overseas spending thanks to their security, global acceptance, and rewards—making improvements to payment flows increasingly important for both travelers and the travel industry.

"Travel should be exciting, not complicated. By working with Trip.com Group, we're making payments simpler and more secure for travelers and the travel industry, removing friction and delivering a seamless experience across the global travel ecosystem," said Arturo Planell, Group Country Manager, Regional Southeast Asia, and SVP Global/Regional Sellers & Digital Sales, Visa.

"We are delighted to work with Visa to deliver more efficient and convenient payment solutions for our global partners and customers. Together, we aim to enhance every step of the travel experience and support the continued recovery of global tourism," said Zhe Wang, Head of Fintech, VP, Trip.com Group.

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.

About Trip.com Group

Trip.com Group is a global travel service provider comprising of Trip.com , Ctrip, Skyscanner, and Qunar. Across its platforms, Trip.com Group helps travelers around the world make informed and cost-effective bookings for travel products and services and enables partners to connect their offerings with users through the aggregation of travel-related content and resources, and an advanced transaction platform consisting of apps, websites and 24/7 customer service centres. Founded in 1999 and listed on NASDAQ in 2003 and HKEX in 2021, Trip.com Group is on the mission "to pursue the perfect trip for a better world". Find out more about Trip.com Group here: group.trip.com.

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SOURCE Visa Worldwide Pte. Limited

• Legacy payment authorisation systems can limit acquirers' ability to support emerging payment methods and new forms of commerce
• Visa Intelligent Authorization enables modern payment processing across major card networks through a single API, helping eliminate the need for costly infrastructure rebuilds

SINGAPORE, March 9, 2026 /PRNewswire/ -- Visa (NYSE: V) today announced the launch of Visa Intelligent Authorization, a new capability on the Visa Acceptance Platform that enables acquirers (banks and other financial institutions that process payments for merchants) to modernise their payment processing through a single API connection, helping eliminate the need for expensive, time‑consuming infrastructure rebuilds.

Authorisation is core to how digital payments work: acquirers send real‑time authorisation requests through card networks to consumer banks, which approve or decline within seconds. Yet legacy systems can struggle with today's volumes and data complexity – resulting in false declines, higher costs and limiting innovation.

Visa Intelligent Authorization helps address these challenges by providing a modern authorisation capability that can process transactions across major card networks through a single integration. The solution delivers 99.999% uptime^[1] and achieves an average approval rate of 96.3% globally, both industry‑leading benchmarks. It can be used as an acquirer's main processor or as a complement to extend their capabilities.

The product's machine‑learning engine analyses transaction data in real time to help optimise routing decisions based on network rules, industry programmes and regional regulations. It also provides instant risk alerts and a centralised portal, complete with an analytics dashboard, to streamline oversight, settlement and regulatory compliance.

Prerequisite for innovation

As digital payments evolve, modern processing infrastructure is becoming a prerequisite for innovation. Digital wallets, stablecoins and new forms of commerce (such as agentic commerce) are increasing both the volume and complexity of transactions flowing through authorisation systems.

Recent Visa‑commissioned YouGov research underscores why this shift is accelerating. Across Asia Pacific, 74% of consumers already use AI‑powered tools as part of their shopping journey, increasing the speed, frequency and data intensity of payment interactions. As AI‑enabled commerce, digital wallets and new payment flows become more embedded in everyday transactions, authorisation systems are required to process richer data sets in real time, at greater scale and with higher reliability. This rising complexity is exposing the limitations of legacy authorisation infrastructure and reinforcing the need for modern, always‑on processing capabilities.

"We're entering a new era of commerce, where AI agents can act on behalf of consumers, stablecoins are reshaping settlement, and digital wallets are becoming the primary interface for payments. The opportunity is significant. But much of today's infrastructure was built for a different generation of transactions," says Axel Boye‑Moller, Head of Value‑Added Services, Asia Pacific at Visa.

"Visa Intelligent Authorization is designed for this shift, delivering smarter decisioning across networks through a single integration. It is built for what's happening now, and what's coming next."

Availability

Visa Intelligent Authorization is available to eligible acquirers as part of the Visa Acceptance Platform, providing a scalable foundation for modern payment processing as the industry continues to evolve.

To learn more, visit Visa.com.

About Visa

Visa (NYSE: V) is a world leader in digital payments, helping consumers, businesses, financial institutions and governments make payments in more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, so everyone can thrive. We believe that including everyone in the economy helps everyone succeed, and that easy access to payments is key to the future of moving money. Learn more at Visa.com.

View original content:https://www.prnewswire.com/apac/news-releases/visa-intelligent-authorization-modernises-payment-processing-for-banks-and-financial-institutions-unlocking-era-of-innovation-302707783.html

SOURCE Visa Worldwide Pte. Limited