Visa Direct Integration Bolsters Nuvei’s Payment Offerings in Colombia
Nuvei Corporation, the Canadian fintech company, has
revealed its collaboration with Visa, a well-known figure in digital payments,
to introduce Visa Direct in Colombia. Nuvei becomes the first global payments
provider to extend Visa Direct to its clientele in the country.
Visa Direct, a capability within VisaNet processing,
facilitates secure and nearly instantaneous funds transfer directly to
financial accounts via card credentials. This feature caters to various
applications such as person-to-person payments, fund disbursements, bill
payments , or cross-border remittances, directly to eligible debit or prepaid
cards.
Philip Fayer, Nuvei Chair and CEO, Nuvei, Source: LinkedIn
Colombian merchants gain access to Visa Direct through
Nuvei’s comprehensive modular payments technology platform. Leveraging Visa
Direct, Nuvei’s merchants can offer instant payout services to their customers,
with transactions processed nearly in real-time.
The provision of instant payouts to cards empowers
businesses to furnish a quicker, more secure, and smooth payment experience
across diverse industries reliant on payouts.
“Offering instant payouts through Visa Direct supports
our strategy of providing best-in-class payment solutions tailored to the needs
of each market we serve,” commented Philip Fayer, Nuvei’s Chair and CEO.
“Colombia is one of the fastest-growing eCommerce markets in Latin
America, and we’re proud to deliver innovative ways for our customers to
optimize their payment flows, enhance user experiences, and operate with
maximum efficiency.”
Expanding Payment Offerings with Integration
The partnership with Visa to deploy Visa Direct underscores
Nuvei’s pioneering role in introducing cutting-edge payment solutions in
Colombia. Recently, Nuvei became the inaugural global payments provider to
offer direct local acquiring in the country, enabling online businesses to
accept card payments sans reliance on intermediaries or third-party payment
processors.
Visa Direct is already accessible to Nuvei’s partner
merchants in over 30 European countries, including the UK, as well as in North
America’s US and Canada, and in the APAC regions of Hong Kong and Singapore.
The extension of Visa Direct access to Colombian businesses marks the latest
expansion of the global strategic collaboration between Nuvei and Visa.
Nuvei Corporation, the Canadian fintech company, has
revealed its collaboration with Visa, a well-known figure in digital payments,
to introduce Visa Direct in Colombia. Nuvei becomes the first global payments
provider to extend Visa Direct to its clientele in the country.
Visa Direct, a capability within VisaNet processing,
facilitates secure and nearly instantaneous funds transfer directly to
financial accounts via card credentials. This feature caters to various
applications such as person-to-person payments, fund disbursements, bill
payments , or cross-border remittances, directly to eligible debit or prepaid
cards.
Philip Fayer, Nuvei Chair and CEO, Nuvei, Source: LinkedIn
Colombian merchants gain access to Visa Direct through
Nuvei’s comprehensive modular payments technology platform. Leveraging Visa
Direct, Nuvei’s merchants can offer instant payout services to their customers,
with transactions processed nearly in real-time.
The provision of instant payouts to cards empowers
businesses to furnish a quicker, more secure, and smooth payment experience
across diverse industries reliant on payouts.
“Offering instant payouts through Visa Direct supports
our strategy of providing best-in-class payment solutions tailored to the needs
of each market we serve,” commented Philip Fayer, Nuvei’s Chair and CEO.
“Colombia is one of the fastest-growing eCommerce markets in Latin
America, and we’re proud to deliver innovative ways for our customers to
optimize their payment flows, enhance user experiences, and operate with
maximum efficiency.”
Expanding Payment Offerings with Integration
The partnership with Visa to deploy Visa Direct underscores
Nuvei’s pioneering role in introducing cutting-edge payment solutions in
Colombia. Recently, Nuvei became the inaugural global payments provider to
offer direct local acquiring in the country, enabling online businesses to
accept card payments sans reliance on intermediaries or third-party payment
processors.
Visa Direct is already accessible to Nuvei’s partner
merchants in over 30 European countries, including the UK, as well as in North
America’s US and Canada, and in the APAC regions of Hong Kong and Singapore.
The extension of Visa Direct access to Colombian businesses marks the latest
expansion of the global strategic collaboration between Nuvei and Visa.
