Visa partners with Caltex to bring contactless payments to petrol stations for the first time in Cambodia
Visa, the world’s leader in digital payments, today announced that Caltex has become the first petrol station chain in Cambodia to offer contactless payments at 18 of its stations nationwide. Drivers in Cambodia will now be able to make cashless payments without their card ever leaving their hand at Caltex outlets.
The introduction of contactless payments at Caltex petrol stations will provide a faster, more convenient and secure payment experience for drivers looking to re-fuel or purchase goods. For Caltex, accepting contactless payments will result in a faster payment process, reduced checkout queues and greater operational efficiency.
Ms. Chum Monika, Visa Country Manager for Cambodia, said: “No-one likes to wait in a long queue during rush hour, especially during hot or rainy day. With contactless transactions, a simple tap to pay allows drivers to refuel and get moving again as quickly as possible, all while using an incredibly secure payment method. We look forward to this ongoing partnership with Caltex which will help provide Cambodian consumers with more ways to pay in their everyday lives.”
Over the coming two months, cardholders that use contactless payments at 18 selected Caltex fuel service stations and spend at least US$20 in a single receipt will instantly get US$3 discount. The promotion will run from 8 June until the end of July or while stock last. Terms and conditions to apply. See individual outlets for more details.
Daniel Hwang, Manager – Products, Chevron (Cambodia) Limited said: “At Caltex, we are committed to offering excellent fuel products and services—and part of this is ensuring we have convenient payment systems in place for drivers, so we are very pleased to be working with Visa to lead the way for contactless payments for fuel service stations in Cambodia. This new technology will allow our customers who are Visa cardholders to tap their cards in front of readers for a fast, secure and hassle-free transaction to pay for Caltex fuel-no swiping, signing or PIN needed.”
Contactless payments enable cardholders to “tap to pay” using bank-issued Visa credit, debit and prepaid cards. One of the major advantages of contactless is that customers can make cashless payment without the card ever leaving their hand during the transaction. In addition, customers no longer need to sign the payment slip for transactions up to $50, thereby allowing them to spend the least amount of time at the petrol station and get from point A to point B faster.
Despite the Cambodian economy being heavily reliant on cash, new methods of paying electronically are gaining traction with consumers. Based on Visa’s latest Consumer Payment Attitudes Study1, one third of Cambodian respondents (33 percent) are interested in using cards to make contactless payments, while a little over a third (36 percent) are interested in using smartphones to make contactless payments.
“At Visa, we’re always looking for ways to add convenience into people’s everyday lives—and what could be more a part of everyday life than paying for fuel? Cambodians have shown a keen interest in using new payment technologies, and so by offering more opportunities and more outlets where they can use their cards, we believe we can help to drive greater uptake of electronic payments in this market,” concluded Chum.
1 The Visa Consumer Payment Attitudes Study 2018 was conducted by Intuit Research on behalf of Visa in mid-2018 across eight Southeast Asian countries: Cambodia, Indonesia, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. Total sample size is 4,000 including 500 adults in Cambodia aged 18-65, covering all education groups, but with quotas set on household income and location of residence to ensure representative sample.
About Visa Inc.
Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our 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 digital commerce on any device for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit About Visa, visa.com/blog and @VisaNews.