Visa tackles cross-border payment challenges with AI-enabled solutions

By
Lance Ong
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Stephen Karpin, Regional President for Asia Pacific at Visa
Stephen Karpin, Regional President for Asia Pacific at Visa

Overview:

  • Visa announced AI-enabled payments and stablecoin settlements at the Singapore FinTech Festival to strengthen its position in Asia.
  • AI-powered agents will allow consumers to shop and pay directly within platforms, offering personalized recommendations and secure transactions.
  • The stablecoin settlement pilot aims to enable cross-border payments using blockchain-based digital currencies pegged to fiat assets.
  • Visa is partnering with super apps and e-wallets to integrate its credentials, ensuring seamless payments for both local and international transactions.
  • These initiatives reflect Visa’s strategy to adapt to Asia’s rapidly evolving digital payment landscape and maintain global leadership.

Visa introduced AI-enabled payments at the Singapore FinTech Festival, aiming to improve transaction security and efficiency. The company’s approach to AI-enabled payments includes integrating smart agents for personalized shopping and payment experiences. Visa also launched a stablecoin settlement pilot to support blockchain-based transactions, reinforcing its commitment to innovation in AI-enabled payments. These developments position Visa to address growing demand for faster, safer, and more transparent global transactions through AI-enabled payments.

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Guest Idea’s:

Stephen Karpin
Asia-Pacific president
VISA

Stephen Karpin, Regional President for Asia Pacific at Visa, leads the company’s operations across one of its most dynamic markets. Based in Singapore, he assumed this role in April 2023 following a decade of leadership changes aimed at driving growth and innovation in digital payments.

Karpin joined Visa in 2014 as Group Country Manager for Australia, New Zealand, and the South Pacific, later overseeing Southeast Asia and Japan. Before Visa, he held senior positions at Commonwealth Bank, Westpac, and Citibank across Australia, Singapore, and Japan. A graduate of Murdoch University with a Bachelor of Commerce, Karpin brings extensive experience in marketing, finance, and business development to his current role, where he focuses on expanding partnerships and advancing payment technologies in Asia Pacific.

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