KiplePay Can Now Issue Visa Prepaid Cards, Joins Visa Fintech Fast Track Programme
Author Avatar
kiplepay e-wallet

(Image: Business Today)

A partnership between KiplePay and Visa has now allowed KiplePay to issue Visa prepaid cards to its users. The company also became the latest to join Visa’s Fintech Fast Track programme.

According to the chief executive officer of KiplePay, Kay Tan, the partnership with Visa is an endorsement of KiplePay’s progress in the fintech industry. It will also allow the payment service provider to further develop its products and solutions for its users.

“Once we issue a Visa prepaid card, we are able to leverage on Visa’s global acceptance footprint. We’re extremely excited to enable both online and offline payments using the 16-digit payment credential to our customers,” said Tan.

Tan added that KiplePay’s vision has always been focused on powering the masses, and that the company has been driving an inclusive cashless agenda across different communities. This ranges from instant disbursement of funds for government aids to powering small merchants and student communities.

(Ng Kong Boon from Visa)

Meanwhile, Visa’s country manager (Malaysia), Ng Kong Boon, said that KiplePay’s enrollment as a partner of its Fintech Fast Track programme and a principal card issuer will enable Visa to reach out to underserved segments in Malaysia. “This is aligned with our objectives and the government’s goal to accelerate the use of digital payments in the country,” he said.

Visa has been actively expanding its Fintech Fast Track programme in Malaysia, encouraging fintech companies to tap into its network to explore new digital payment and commerce opportunities. The programme allows them to access and collaborate with Visa’s network of enablement partners across the fintech payment process, including issuance, push payments, and value-added services.

visa fintech fast track programme 1

visa fintech fast track programme 2

Through their partnership, KiplePay and Visa aim to enhance their e-wallet products, including money withdrawals and access to 61 million merchants in more than 200 countries. They also plan to use features such as loyalty programmes, mobile discounts, peer-to-peer transfers and personalised e-wallet services to encourage KiplePay customers to make online and offline payments through a single app. Additionally, KiplePay e-wallet users and white label customers will also be allowed to link their e-wallet offerings with a physical or virtual Visa card for a more seamless payment process.

KiplePay, which was founded in 2017, has been working in the present economic climate to bring new payment solutions for the Malaysian public and business community to operate in the “low-touch economy”. Previously, the company has collaborated with Bank Islam to pioneer kipleUNI, an e-payment facilities for universities in Malaysia. It also launched a digital platform initiative with the Coalition of Malay Small Traders to help its traders resume their businesses during the Covid-19 pandemic.

(Source: The Star, The Edge Markets)

0 0 votes
Article Rating


Comments (0)

Notify of
Inline Feedbacks
View all comments
Top e-wallet Articles
Post Image
Shopping Responsibly, Is ‘Buy Now, Pay Later’ The Way To Go?
Katrina Balan Quiroz
- 18th June 2021
E-commerce has experienced a boom over the last year with an 87% growth in 2020 compared to 2019 […]
Post Image
How To Pay TNB Bills With Boost, GrabPay, And Touch ‘n Go eWallet
Pang Tun Yau
- 13th February 2020
In recent months, e-wallets (and even Shopee and Lazada) began offering bill payment options, which means Malaysians can […]
Post Image
Shopee Introduces SPayLater, Lets Users Buy Items Now And Pay Later
Alex Cheong Pui Yin
- 18th January 2021
Shopee has introduced a new payment feature that lets its Malaysian users purchase items and pay for them […]
Post Image
GrabPay DuitNow QR Supports Seamless Digital Payments For Both Consumers And Businesses
The RinggitPlus Team
- 15th June 2021
It’s a timely launch by Grab, as many Malaysians have adopted contactless payments during the pandemic in an […]

Related articles

Related Posts Image
Related Posts Image
Related Posts Image

AEON Enables GrabPay As Cashless Payment Option

Jacie Tan -
2nd February 2021
Related Posts Image