Caltex updates transaction flow with Visa payWave, launches “Drive Away a Millionaire” promo

Manila, 20 April 2017—The Caltex service stations of brand marketer Chevron Philippines, Inc. (CPI) are now equipped for Visa payWave contactless payment transactions. Featuring payWave readers, Caltex stations now offer customers the option to pay for transactions of up to P2,000 using their Visa payWave credit or debit cards.  Adhering to Near Field Communication (NFC) standards, Visa payWave cards are meant to remain in the hands of the cardholder throughout the transaction, requiring him or her to simply wave the card within four centimetres of a portable Visa payWave reader to execute payment.

The payWave system is asserted to be as secure as other NFC systems, the wireless handshake being so tight-beamed that it prevents unauthorized scans while the card remains in the hands of the cardholder, never having to be brought to a stationary swipe reader.  Visa payWave cardholders stand to benefit from faster transactions as well with the elimination of traditional steps for card-swiping and signature or PIN authentication (only in instances where the transaction amount exceeds P2,000 will the cardholder need to sign or key in a PIN).

According to Stuart Tomlinson, Visa country manger for the Philippines and Guam:  “As the global payments leader, Visa always wants to reduce friction in the payment process. We are excited to partner with Chevron Philippines once again to bring seamless customer experience to motorists. Visa payWave is much quicker, more secure and more convenient than cash.”

CPI country chairman Peter Morris said: “Motorists gassing up using Visa payWave will definitely be able to experience quicker service in our forecourts. Motorists can transact securely and with ease, knowing that they remain in control of their card at all times.” Morris added that, “to excite consumers to try our latest innovation, we’re also holding a promotion that’s sure to give added value to their fuel purchase.”

Visa and CPI are kicking off their payWave partnership with the Drive Away a Millionaire promo (per DTI-FTEB Permit No. 4157, series of 2017) that will run from April 21 to July 31, 2017. It’s a raffle promo where customers using Visa payWave to purchase Caltex fuel at participating service stations will be entitled to raffle entries for a chance to win the grand prize of Visa card credit worth P1M, or three second-prizes of P100,000 each in Caltex’s Starcash credit.

For every P500 increment paid using Visa payWave, the customer will get three raffle entries, while any Visa transaction done conventionally earns the customer one entry. There are also instant door prizes with lucky motorists getting P50 discounts on their fuel purchase.

The raffle schedule for the Drive Away a Millionaire promo is as follows:

Raffle Draw Date Covered Period Prizes
1st raffle draw | May 26, 2017 April 21, 2017 12:01 a.m. to May 20, 2017 11:59 p.m. 1 winner of 1-year Caltex fuel supply in the form of StarCash worth P100,000
2nd raffle draw |June 30, 2017 April 21, 2017 12:01 a.m. to June 20, 2017 11:59 p.m. 1 winner of 1-year Caltex fuel supply in the form of StarCash worth P100,000
3rd raffle draw and Grand draw | August 11, 2017 April 15, 2017 12:01 a.m. to July31, 2017 11:59 p.m 1 winner of 1-year Caltex fuel supply in the form of StarCash worth P100,000

1 winner of P1million Visa card credit