PLDT and Smart Secure Online Transactions With Vesta’s Anti-Fraud Toolsby Fintech News Philippines November 16, 2021
Philippines’ telecommunications company PLDT and its wireless unit Smart Communications announced that they are utilising Vesta’s anti-fraud solutions to enhance the protection of their online transactions.
Vesta is an end-to-end transaction guarantee platforms for online purchases, and its anti-fraud solution was tapped by PayMaya Philippines, the fintech arm of PLDT’s affiliate Voyager Innovations.
PayMaya powers the payment acceptance for PLDT and Smart’s digital channels.
Through the initiative, PLDT and Smart’s customers will have access to safe, secure, and seamless online payment transactions using PayMaya’s payment acceptance solutions, with Vesta’s anti-fraud tools.
Vesta’s real-time decisioning platform provides the analytics and authentication technology required to increase approvals of legitimate transactions, while rejecting bad ones.
This enables PLDT and Smart’s customers to make secure payments across various digital domestic and international channels.
“The combination of PLDT’s customer-centric digital solutions, PayMaya’s industry-leading payment acceptance solutions, and Vesta’s artificial intelligence (AI)-enabled fraud detection and approval enhancement capabilities allow us to deliver superior customer-centric services and provide our customers with the best payment experience possible,”
said Di Blanco, Vice President – Smart Customer Experience at PLDT.
“We are delighted to be able to support PLDT and Smart in strengthening their thrust to provide a safe, secure, and frictionless payment experience for PLDT’s customers through PayMaya’s solutions.
Our mission is simple: help companies scale their digital payment touchpoints with greater confidence by leveraging our end-to-end transaction guarantee platform for domestic and international transactions,”
said Shabab Muhaddes, Asia Pacific’s General Manager at Vesta.