Visa Launches Its Suite Of Sustainability-Focused Solutions ‘Visa Eco Benefits’ – $V $DIA

Published Aug 04, 2022
Financials & Fintech
Market News
Visa

By John F. Heerdink, Jr.

Reportedly, Visa (V) is to launch its suite of sustainability-focused solutions, Visa Eco Benefits in the Asia Pacific. A suite of sustainability-focused solutions, Eco Benefits will help Visa cardholders across the region better understand the environmental impact of their day-to-day payments, allowing them to calculate the carbon footprint generated by their Visa transactions, and access options for carbon offsetting or opt for charitable donations from their bank’s app and website.

Banks in the Asia Pacific that sign up for Eco Benefits will be able to offer these solutions to their Visa cardholders and meet the growing demand for sustainable financial services. Some features in Visa Eco Benefits include a Carbon footprint calculator, Carbon offsets, Charitable contributions, physical payment cards made from sustainable materials, and Personalised Education.

“The majority (78 per cent) of people in Asia Pacific said 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. Our bank and fintech partners across the region can now add these sustainability features to existing Visa cards. Eco Benefits is another way that Visa is expanding our network beyond payment transactions to deliver more insights to our partners and their customers,” stated Chris Clark, president, of Asia Pacific, Visa.

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Its mission is to connect the world through the most innovative, reliable, and secure payment network – enabling individuals, businesses, and economies to thrive. Their advanced global processing network, VisaNet, provides secure and reliable payments around the world and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying its brand, products, people, network, and scale to reshape the future of commerce. To learn more about Visa (V) and to track its ongoing progress please visit the Vista Partners Visa (V) Coverage Page.)

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