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Visa and Standard Chartered to make instalment payments more seamless for Asia Pacific credit cardholders

28 Nov 2023

Standard Chartered Visa credit cardholders can choose their preferred repayment plans instantly and flexibly at online and in-person checkouts for an enhanced shopping experience

Singapore – Visa and Standard Chartered (“the Bank”) have entered into a regional partnership to accelerate the seamless delivery of instalment payment options to the Bank’s Visa credit cardholders across markets in Asia Pacific using Visa Instalment Solution.

With Visa Instalment Solution, the Bank’s credit cardholders will have the flexibility of choosing “Buy Now Pay Later” (BNPL) options in Asia Pacific, allowing them to split purchase repayments at the point of purchase at participating in-store or eCommerce merchants. With this partnership, Standard Chartered Visa credit cardholders can begin using this facility in Malaysia, and in Singapore next year. Standard Chartered also has plans to expand into additional markets thereafter.

Visa Instalment Solution is a network solution which seamlessly enables existing credit lines to be converted into BNPL options at checkouts, giving cardholders myriad ways to pay for their purchases more conveniently. The increased flexibility and convenience to cardholders could in turn influence consumers’ decision to purchase, thus potentially increasing transactions at point of purchase.

Serene Gay, Group Country Manager for Singapore, Malaysia and Thailand, Visa said, “BNPL is an established, yet growing trend in Asia Pacific. As a world leader in digital payments, Visa is delivering a seamless instalment network solution to address the growing demand of consumers for this financing option at point of purchase. Additionally, we see that banks recognise the value of incorporating Visa Instalment Solution as a value-added service to their cardholders to enhance their purchasing decisions and shopping experience. We are delighted to be working with Standard Chartered to empower Visa credit cardholders across the region with repayment flexibility, so that they can decide how to pay for their purchases in-stores and online.”

For cardholders, BNPL options give them the ability to split their purchases into equal monthly payments, thereby offering wider options for management of their finances. As a short-term financing instrument, BNPL repayments are typically interest-free, allowing consumers to pay for their purchases over time (up to 36 months) in regular instalments.

According to Visa research on BNPL adoption in its Asia Pacific Green Shoots Radar Regional Report[1], there is increasing awareness of BNPL platforms in the entire region, with highest usage among millennial consumers, followed by Gen X and Gen Z. Such use has been mostly driven by affordable monthly payment amounts, no/low interest fees and easy set-up.

Consumers used instalment options most to buy personal electronics, household electronics, luxury goods, personal shopping and furniture[2]. Options offered by banks and credit cards were most popular, followed by non-bank players such as retailers and BNPL brands[3].

Manoj Piplani, Global Head, Personal Banking, and Credit Cards & Personal Loans, Standard Chartered said, “We are committed to delivering easy banking solutions with great client experience. With this strategic partnership, Standard Chartered customers in the region can split their payments in instalments on various Visa Instalment Solution-enabled online and in-store merchants to meet their lifestyle needs. This simple, convenient and secure approach will elevate the retail experience and give customers the control on how they want payments to be made.”

— ENDS —

For further information please contact:

Grace Tan

Visa Worldwide Pte. Limited

+ 65 9823 6516

Sean Baker

Ruder Finn Asia

+ 65 8875 2950

Steven Koh

Ruder Finn Asia

+65 9115 4415

Valerie Tay

Standard Chartered

+65 9685 2434

Note to editors


 Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. For more information, visit

[1] Visa AP Green Shoots Radar Regional Report, Wave 6 (March 2022)

[2] Visa AP Green Shoots Radar Regional Report, Wave 5 (December 2021)

[3] Visa AP Green Shoots Radar Regional Report, Wave 6 (March 2022)

Standard Chartered

We are a leading international banking group, with a presence in 52 of the world’s most dynamic markets and serving clients in a further 64. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good.

Standard Chartered PLC is listed on the London and Hong Kong stock exchanges.

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