AirPay Enables Secure and Frictionless Mobile Experience for Garena Using CyberSource Solutions

PR61398

BANGKOK, Aug. 5, 2015 /PRN=KYODO JBN/ --

- AirPay partners with CyberSource to heighten payment security and enable

frictionless mobile checkout experience for Garena users

- CyberSource helps AirPay to optimize business operations, enabling the

latter's business expansion plans

CyberSource, a wholly-owned subsidiary of Visa Inc. (NYSE: V), and one of the

world's largest providers of eCommerce payment management services, today

announced a partnership with AirPay Co. Ltd. (AirPay), a fast-growing payment

network provider in Southeast Asia. This agreement will allow AirPay to provide

secure mobile payment services to Garena users, as well as support the company

grow its market share in the region.

AirPay ranks payment security and customer experience among its top business

priorities as it focuses on extending its mobile payment services to merchants.

AirPay aims to provide mobile payment services to 14 million active, monthly

mobile users of Garena, an Internet company. These mobile payment services

enable Garena's mobile users to conveniently and securely pay for online games,

telephone bills, utilities and eCommerce transactions.

Through this partnership, AirPay will adopt CyberSource's fraud management

tool, Decision Manager, as well as its payment tokenization solution. Together,

these solutions will enable Garena users to make payments on their mobile and

tablet devices, securely and efficiently, with a wide spectrum of major credit

cards.

AirPay will be equipped to detect fraud faster, more accurately and with less

manual intervention with CyberSource Decision Manager which features the

World's Largest Fraud Detection Radar. The solution effectively expands the

depth and breadth of fraud-pattern visibility by screening inbound orders

against data and correlations from more than 60 billion transactions processed

by Visa and CyberSource annually, supplemented by 260 validation and

correlation tests.

According to a Nielsen study, smartphone penetration in Asia Pacific is

expected to surpass the U.S as well as many European markets within the next

few years, with penetration in Thailand, Indonesia and Philippines gaining

traction[1]. As internet penetration and adoption of mobile technologies gain

prominence this facilitates the growth of activities on the mobile channel,

such as consumption of digital content, utility payments and online purchases.

As demand for mobile services grows, merchants who make mobile payments easy

and accessible in Southeast Asia, especially in the emerging markets, can gain

a distinct advantage in the mobile evolution.

"We are excited to partner with CyberSource, an established name in the payment

management space. By instituting a solid and secure payment management

infrastructure that is PCI DSS (Payment Card Industry Data Security Standard)

compliant, we are able to better mitigate fraud risk, as well as ensure payment

security for merchants and their customers for a fast, safe and fuss-free

mobile checkout experience. We are confident that this will greatly reinforce

customers' trust in our services which is key to our business expansion plans,"

said Supphavit Hongamornsin, Country Product Manager, AirPay.

With CyberSource's payment tokenization solution, AirPay will be equipped to

offer greater payment security for Garena users. Each token is a unique

identifier that replaces the customer's payment data, streamlining the checkout

process for repeat customers with just one click. The customer's account number

is removed from the merchant environment and stored on CyberSource's secure

servers, ultimately increasing AirPay's and Garena's data security.

"As the digital divide narrows among countries in Southeast Asia, we foresee

the pace of payment innovation in the region accelerating. There is immense

growth potential, particularly in the mobile payments arena. We are delighted

to work with AirPay to build an efficient and effective payment environment by

ensuring a quicker, seamless and secure end-to-end customer experience for

Garena's mobile transactions," said Chew Ann Wee, Regional Director, Southeast

Asia, CyberSource.

About CyberSource

CyberSource, a wholly-owned subsidiary of Visa Inc., is a payment management

company. Over 400,000 businesses worldwide use CyberSource

(http://www.cybersource.com/asiapacific) and Authorize.Net

(http://www.authorize.net/) brand solutions to process online payments,

streamline fraud management, and simplify payment security. The company is

headquartered in Foster City, California and maintains offices throughout the

world, with regional headquarters in Singapore, Tokyo, Miami / Sao Paulo and

Reading, U.K. CyberSource operates in Europe under agreement with Visa Europe.

For more information, please visit http://www.cybersource.com/asiapacific.

About AirPay

Launched by Garena in 2014, AirPay is a fast growing payments network in

Southeast Asia. AirPay's vision is to bridge the 'digital divide' and provide

accessible financial services in the region's emerging markets. By offering

mobile payments services, Garena users can securely pay for online games,

telephone bills, utilities and eCommerce transactions, regardless of whether

they have a bank account or credit card. Visit http://www.airpay.in.th/ for

more information.

About Garena

Headquartered in Singapore, Garena was founded in 2009 by Forrest Li and his

friends as they aspired to transform their passion for entrepreneurship into a

great company. Forrest named the company "Garena," a play on the words "global

arena". Since its inception, Garena has seen unprecedented growth and become a

leading platform provider for online and mobile entertainment and communication

across Southeast Asia, Taiwan and Hong Kong, serving millions of users. For

more information, visit www.garena.com.

For further queries, please contact:

Felicia Ang

+65-9113-9636

felicia.ang@yingcomms.com

[1] Nielsen, The Asian Mobile Consumer Decoded, January 14, 2014

(http://www.nielsen.com/ph/en/insights/news/2014/asian-mobile-consumers.html)

SOURCE  CyberSource