now loading...
Wealth Asia Connect Treasury & Capital Markets Europe ESG Forum TechTalk
Understanding ESG / TechTalk
Visa launches Asia-Pacific eco-friendly payment
Growing demand by banking customers for sustainable banking services in region
The Asset 3 Aug 2022

Digital payment network Visa has launched in the Asia-Pacific region its Visa Eco Benefits, a suite of sustainability-focused solutions that will help its cardholders better understand the environmental impact of their day-to-day payments.

The suite enable cardholders to calculate the carbon footprint generated by their Visa transactions and to access options for carbon offsetting or making charitable donations from their bank's website or app.

Banks in the region that sign up for the suite will be able to meet their customers’ growing demand for eco-friendly payment solutions, which 66% of consumers in the region, according to a Visa/YouGov survey, expect their banks to offer. Over half (52%) of those surveyed also say they would switch banks to access a product or service that helps them understand the carbon footprint of their spending.

“The majority (78%) of people in Asia-Pacific say they are more likely to make more environmentally friendly purchases if they're able to see their carbon footprint and take steps to change their spending habits,” says Chris Clark, president, Asia-Pacific, Visa. “Our bank and fintech partners across the region can now add these sustainability features to existing Visa cards.”

Conversation
Cynthia Tchikoltsoff
Cynthia Tchikoltsoff
head of supply chain management, Asia Pacific
BNP Paribas
- JOINED THE EVENT -
4th ESG Summit - Webinar series
Rising Expectations
Part 1 - Covid conversation
View Highlights
Conversation
Han Teng Chua
Han Teng Chua
economist
DBS
- JOINED THE EVENT -
In-person roundtable
Beyond Covid: Emerging trends in a changing lending landscape
View Highlights
Advertisement
Tech solutions for cash forecasting
Can tech solutions improve cash forecasting accuracy? Find out today.
18 Aug 2022