McDonald’s Now Accepts Visa payWave and Offers Consumers an Easier, Faster and More Convenient Way to Pay

02/25/2015

Singapore - McDonald’s customers can now experience an easier, faster and more convenient way to pay for their meals with Visa payWave contactless payments accepted at over 120 McDonald’s® restaurants across Singapore.

Visa payWave transactions already account for more than one in ten face-to-face Visa transactions for McDonald’s in the short time since the roll-out began in December last year.

Ms Ooi Huey Tyng, Visa Country Manager for Singapore and Brunei, said, “Visa is proud to have McDonald’s, one of the largest quick service restaurant chains in the country onboard as one of our Visa payWave merchants. Making payments through Visa payWave is easier and faster than cash, and McDonald’s customers can now have a better payment experience. With the Visa payWave terminals being installed at the counters, we believe that this will also increase productivity as it allows the service staff to attend to the next customer within a shorter time frame, which is crucial especially during peak hours for a quick service restaurant.”

Visa payWave reduces queues and consumers simply need to wave and go, completing their transactions within a few seconds. They no longer have to wait for change or fumble for cash and coins when purchasing McDonald’s meals.

Singapore is ranked second in the world for Visa contactless payments and Visa payWave transactions have been growing exponentially, with over 70 percent year-on-year growth as of September 2014. Visa payWave transactions also account for almost one in four Visa face-to-face transactions in Singapore.

“At McDonald’s, we are all about bringing simple, easy enjoyment to our customers. This new payment option provides both convenience and speed that we believe will enhance the overall experience for our customers in our restaurants,” said Carolyn Khiu, Director, Corporate Communications, eCommerce & Customer Relations for McDonald’s Singapore.

With Visa payWave, the payment card does not need to be swiped by the cashier, and no signature or PIN (Personal Identification Number) is required for purchases under SGD$100, which makes it a faster way to pay while still being a secure Visa transaction.

Visa payWave is a contactless payment technology that is found on Visa cards bearing the symbol. Visa payWave transactions are as secure as other Visa chip card transactions and carry the same multiple layers of security. In addition, with Visa payWave, the card never leaves a card holder’s hand, which reduces the risk of fraud.

Save with Visa payWave at McDonald’s® restaurants

Starting from 26 February, McDonald’s customers paying with Visa payWave will get $1 off for every $6 purchase (until 25 March 2015), while stocks last. Visit www.mcdonalds.com.sg for more details.

 

About Visa

Visa is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world’s most advanced processing networks — VisaNet — that is capable of handling more than 47,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, ahead of time with prepaid or later with credit products. For more information, visit https://usa.visa.com/, visacorporate.tumblr.com and @VisaNews.

About McDonald’s Restaurants

In Singapore, McDonald’s has a network of more than 130 restaurants island-wide, over 12 Drive-Thrus, over 30 dessert kiosks and over 50 McCafé outlets.

McDonald’s is the first in the industry to offer super-convenience with McDelivery 24/7TM (online ordering available at www.mcdelivery.com.sg), 24 hours Drive-Thru, 24 hours dining at a majority of restaurants daily or on weekends (Fridays, Saturdays and eve of Public Holidays) and Breakfast from 4am.

McDonald’s employs more than 8,000 people in Singapore and serves more than 6 million customers every month. It is the recipient of the Aon Hewitt Best Employer award in 2007 (Singapore), 2009 (Singapore & Asia) and 2011 (Singapore & Asia), and the national Service Excellence award in 2008. McDonald’s Singapore also won Best Mature and Re-employment Practices and Best Recruitment Strategies at the HRM Awards 2014.

McDonald’s has received recognition for its green efforts winning six “Green Mark for Restaurants” certifications by the Building & Construction Authority of Singapore. McDonald’s was also the first in the industry to achieve the Platinum Green Mark award for its restaurants at Jurong Central Park and Yishun Safra.

For further information on McDonald’s Singapore, please log on to www.mcdonalds.com.sg.