#visa

Bank of the Philippine Islands (BPI) is set to introduce international money transfers through its mobile banking app, following a partnership with Visa aimed at making cross-border transactions faster and more affordable for Filipinos. The new service, expected to launch by the first quarter of 2027, will use Visa Direct, Visa's real-time payments platform, allowing BPI customers to send money overseas directly from the BPI app. Visa has announced the launch of Garmin Pay in the Philippines, allowing users of compatible Garmin smartwatches to make contactless payments using supported Visa cards. The feature is currently available for eligible Visa debit and credit cards issued by participating banks, including GoTyme Bank, as well as supported foreign-issued Visa cards. Transactions use Visa’s tokenization technology, which replaces card details with digital tokens to help reduce fraud risks. Visa said the Philippines is now the fourth Southeast Asian market to support Garmin Pay after Singapore, Vietnam, Thailand, and Malaysia. Supported features Contactless payments via compatible Garmin smartwatches Visa card support Tokenized payment security Works on contactless-enabled terminals Visa Philippines is expanding its presence in local convenience stores, with plans to make Visa card payments available in around 1,000 7-Eleven branches nationwide before the end of 2025. Read more in our articles including "BPI to add international money transfers to mobile app by 2027" and "Visa enables Garmin Pay in the Philippines".