The partnership will see Visa and PayPal come together for Visa Digital Enablement Program (VDEP) which will enable Visa's partners to make payment on mobile phones or any connected device. In return, it will expand the use of PayPal to retailers that accept Visa in physical locations.
Commenting on the partnership Dr. Rohan Mahadevan, senior vice president for PayPal Asia Pacific said, "We could not be more proud of our extended partnership agreement with Visa in the Asia Pacific markets."
"This is a strong signal that our decision to partner in 2016 was the right thing to do for PayPal, Visa and our millions of merchants and consumers in this region. We look forward to partnering with Visa to offer more choice and better experiences together online, in app and in store within Asia Pacific," he further added.
"Visa and PayPal are aligning our businesses to bring best in class payment services to the entire ecosystem," said Chris Clark, group executive, Asia Pacific , Visa.
"From emerging markets where we'll give consumers greater access to electronic payments to driving more seamless ways to pay in developed markets, Visa and PayPal will deliver new commerce experiences across the region."
Visa earlier established that for them education is the key strategy to help Singapore become a cashless city.