%201.webp)
AsiaPay has launched an all-in-one card tokenisation service for merchants across Asia-Pacific, integrated into its PayDollar payment platform.
The product is intended to standardise digital card payments across seven international card brands and support merchants operating in multiple Asian markets. It covers Visa, Mastercard, American Express, UnionPay, JCB, Discover and Diners Club.
Tokenisation replaces card details with encrypted substitutes during transactions, reducing the need for merchants to handle or store sensitive payment data. The system can be used for eCommerce transactions, mobile app payments and recurring billing.
The service offers a single application programming interface for merchants seeking one integration across payment methods and geographies. It is also acquirer-independent and can be deployed with different acquirers across 12 Asian markets at the same time.
AsiaPay positioned the launch around merchant demand for simpler payment integration and stronger fraud controls as digital transactions continue to grow in the region. The service is designed to reduce payment friction, lower checkout drop-off and cut fraud and chargeback exposure.
Regional reach
Founded in 2000 and headquartered in Hong Kong, AsiaPay provides digital payment services and related technology to banks, corporations and online businesses. It operates 17 offices across Asia-Pacific, including in Australia, Thailand, the Philippines, Singapore, Malaysia, Mainland China, Taiwan, Vietnam, Indonesia, Cambodia and India.
The launch adds card tokenisation to a broader set of payment services that already includes credit cards, debit cards, prepaid cards, net banking, wallets, buy now, pay later products and QR code payments. By offering the new service within PayDollar, AsiaPay is linking tokenised card transactions to an existing merchant platform rather than introducing a separate standalone product.
The product meets PCI-DSS and PCI-3DS standards and is certified for Visa Token Service and Mastercard Digital Enablement Service. Those accreditations are likely to matter to merchants that need to align payment systems with card network and security requirements across several jurisdictions.
Merchant demand
Payment providers across Asia have been expanding tokenisation services as online and mobile commerce volumes rise and merchants seek ways to improve repeat purchases without retaining raw card data. One-click checkout, recurring billing and in-app payments are among the areas where tokenised credentials are increasingly used to reduce checkout time while limiting exposure to card fraud.
For merchants operating in more than one market, fragmentation remains a practical challenge because card acceptance, acquirer relationships and compliance requirements can vary by country. AsiaPay's emphasis on a single interface and support for multiple acquirers in parallel suggests it is targeting businesses that want to simplify those market-by-market differences.
Joseph Chan, Chief Executive Officer of AsiaPay, outlined the company's position on the launch.
"As digital payments grow, so do security challenges. Our all-in-one tokenisation solution empowers merchants to future-proof their payment systems, enhance trust and boost customer loyalty locally and regionally through a seamless, simplified and standardised checkout payment process," Chan said.
Terence Yau also highlighted the balance merchants are seeking between payment speed and protection.
"Consumers demand both convenience and security. With AsiaPay's tokenisation solution, businesses can deliver instant, secure payments without compromising on either," Yau said.