TNG Wallet Partners Visa For Prepaid Solutions in Southeast Asia

TNG Fintech Group has just teamed up with Visa to launch TNG Wallet-integrated solutions into six markets across Asia. The goal of this move is to capitalise on areas with growing digital wallet traction.

They officially revealed their partnership during Money 20/20 Asia in Singapore.

TNG Wallet is eyeing launch of prepaid solutions into Southeast Asian markets, primarily Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam.

The partnership’s solutions are reportedly geared towards enabling secure payments for the underserved and unbanked segments in the region, and it aims to do so by offering Visa-powered payments via the TNG Wallet.

Alipay and WeChat Pay, TNG Wallet’s mainland contemporaries, are already operational in certain segments of Southeast Asia

TNG Wallet was a participant of the Visa Fintech Fast-Track Program, launched last year. The program provides a commercial framework that includes access to Visa’s payment capabilities, more competitive fees and streamlined processes. The program also links fintechs to platforms that are already certified by Visa and connects fintechs to sponsoring banks.

Featured image via Maaike Steinebach, CEO of Visa Hong Kong & Macau on LinkedIn