ICPS’ Post

In the final installment of Beyond the Bloom, discover how much merchants’ enablement of contactless payments for inbound travelers in Japan boosted transactions during the Sakura #travel season: https://lnkd.in/gQ92HAg3. #VisaConsultingAnalytics #VisaDestinationInsights #ConsumerSpending

Japan plans to introduce a joint #QR code #payment system by 2025, enabling tourists from eight Asian countries to use their local QR wallets in Japan, while Japanese travelers can do the same abroad. Yet, Japan faces the challenge of increasing #JPQR usage, with only 15,000 businesses currently onboard. #payments #QRpayment #MobilePayments #QRCodePayment

Exciting news from #Mastercard as the company relaunches its #PricelessBeijing programme, aiming to boost inbound tourism by offering unique experiences to their cardholders at iconic destinations. This initiative comes at a crucial time when global tourism is gradually picking up steam. 🌍 With travel restrictions easing and people eager to explore again, Mastercard's Priceless Beijing programme presents a fantastic opportunity for cardholders to immerse themselves in unforgettable experiences in the vibrant city. 💳 Leveraging payment gateways to enhance the travel experience is a smart move, showcasing how fintech continues to innovate and drive value for consumers. Mastercard's focus on tailored experiences epitomizes the evolving landscape of payment solutions in the tourism sector. 🔮 Looking ahead, we can expect more collaborations between fintech companies and tourism industries to create seamless payment experiences for travelers worldwide. As global tourism continues to recover, initiatives like Mastercard's Priceless Beijing programme demonstrate the power of innovative payment solutions in shaping the future of travel. Excited about the intersection of fintech and travel? Reach out to me at +17625005002 or chat with my telegram bot at t.me/Finsolgroupbot to delve deeper into this fascinating space. #Fintech #Payments #Innovation #Travel #Tourism #Mastercard #PricelessBeijing #GlobalTourism #PaymentGateways #ExploreWithMastercard

Japan’s 🎎 tourism surge 📈 is straining domestic credit card 💳 companies, with losses potentially reaching ¥30 billion this year. 📉 As Japan welcomes record tourists, domestic credit card companies face rising losses, prompting considerations of higher fees for foreign-issued cards. This move could also reshape the payment landscape for international visitors and local merchants. Will it be fair for companies to consider higher fees for foreign-issued cards to offset costs, which could impact merchants and international tourists? 🤔 #fintech #cards #creditcards #finance #banking

Unlocking travel growth in emerging markets starts with local payment options. At dLocal we also know exactly which payment methods work best in each country. Did you know that digital wallets are projected to grow by 311% in Asia by 2025, and instant payments have already grown by 71% in Latin America? 🚀 More insights about the travel industry potential here: https://lnkd.in/dmYrBPre #OnedLocal #TravelPayments #EmergingMarkets

Starting this March, mutual visa-free travel between China and Thailand has become a reality! Even better, Thai tourists can pay with ease in China using their home e-wallet TrueMoney, via Alipay+. From shopping sprees, gourmet meals to easy transit and beyond, the digital payments experience in China is hassle-free.   The data jointly released by Alipay+ and its partner reveals that Shanghai has emerged as one of the go-to destinations for inbound travelers using mobile payments in 2023, leading the nation in consumption volume outside of the Greater Bay Area. Through Alipay+, the fourth quarter of 2023 saw inbound digital payments transactions jump thirteenfold compared to the first quarter. The growth is mirrored in the local business landscape, with a fivefold rise in merchants actively engaging in cross-border commerce.   #Digitalpayments #PayLikeALocal #TravelinChina

Last week at the Mastercard Asia Pacific Travel Payment Forum, Netstars, with Agoda, Hotel Management Japan, Worldpay and Mastercard's successful pilot in Japan was showcased. With Japan's tourist arrivals at record highs, demand from overseas travel agents for Japanese hotels to handle VCN payment was increasing, but most Japanese hotels still preferred bank-based overseas remittances which is commonly used in Japan. This Mastercard Virtual Card Number (VCN) corporate payment system for hotels in Japan was launched with the aim of significantly improving operational efficiency and strengthening risk management measures. Using NETSTARS’ straight-through processing, Agoda issues a Mastercard VCN based on guests’ reservations, checkout information and provides payment processing to hotels, allowing hotels to receive virtual card payments directly without manual intervention. This is the first development and provision in Japan of a platform that specializes in billing and payment processes via the use of virtual card numbers (VCNs) to connect domestic hotels with overseas travel agents. More details in our Press release at this link below: https://lnkd.in/gPPUzu75 #Agoda #HotelManagementJapan #Worldpay #Mastercard #Netstars #TravelJapan #JapanHotels #travelPayments #B2Bpayments

We all love it when we aren’t made to wait to pay at the counter or are presented with the right option while making an online #payment.   Considering the vast options or changing preferences that consumers have today, a key to online #conversion is facilitating transaction with minimum effort on part of the shopper. It can be difficult to assess when and where to display which payment method.   #Payment specialists are now dynamically displaying the preferred payment methods. The objective is to offer the most apt option depending upon a shopper’s device and location.   Travel merchants can also look at other dynamic #checkout features that shoppers are becoming accustomed, too. Merchants are now evaluating how to dynamically display local checkout experiences customized to each customer’s location, language and local currency. How are travel merchants going about the same for travel shoppers from the Asia Pacific region? How does it lift the conversation rate as well as the transaction value in the travel sector? Hear from experts at the upcoming hashtag #ATPSAPAC in Phuket, Thailand (20-21 August, 2024): https://lnkd.in/gHGrNw84 Ritesh Gupta Christopher Staab Grace Fang Sandeep Mander Discover Global Network Worldpay Ant International Continuum Commerce Solutions Worldline Mastercard Outpayce from Amadeus Accertify, Inc. #travelpayments #airlines #ABtesting #paytech

As mobile bookings gain traction, the ASEAN region’s digital payments landscape is a market worth watching. Airlines and travel operators looking to take advantage of the region’s growth opportunities must be prepared to accept eWallets and ePayment services. Explore the growth outlook for ASEAN travel: https://lnkd.in/emySEWhC #travelpayments #ASEAN #digitalpayments

🚀 Exciting times in urban mobility! Mastercard is leading the way with innovative solutions that are reshaping how we move in cities. Here’s what sets us apart: 1. **Cutting-Edge Payment Solutions**: We’ve developed technologies like contactless payments and mobile wallets that simplify the commuter experience, making it easier to access various transportation options. 2. **Strategic Partnerships**: By collaborating with public transit agencies and private mobility providers, we’re integrating our payment solutions into existing infrastructures to enhance the overall travel experience. 3. **Data-Driven Insights**: Our advanced analytics capabilities help cities understand travel patterns and user behavior, enabling optimized transportation networks and better urban planning. 4. **Commitment to Sustainability**: We’re actively promoting eco-friendly transportation options, from supporting electric vehicle infrastructure to encouraging shared mobility solutions, aligning with global sustainability goals. 5. **Global Expertise**: With operations in multiple countries, we bring a wealth of experience to tailor solutions for diverse urban environments. 6. **User-Centric Design**: We prioritize user experience in our urban mobility solutions, ensuring they are intuitive and accessible, driving adoption among commuters. Through these initiatives, Mastercard is not only enhancing the efficiency of urban transportation but also contributing to the development of smarter, more connected cities. We’re committed to innovation, partnership, and sustainability in urban mobility! 🌍💳 #UrbanMobility #Innovation #Sustainability #Mastercard