Nuvei and Visa Direct accelerate payout experiences, empowering businesses with real-time payments

About Visa direct

Visa Direct is a fast and secure payment service offered by Visa that enables businesses and individuals to send and receive funds in real-time. It leverages Visa's global network and infrastructure to provide seamless and convenient money transfers, allowing for instant payments across borders.

The challenge

In the traditional payment landscape, businesses and their customers faced significant challenges with slow and inconvenient fund transfers. Payouts that used to take days were a source of frustration, hindering business growth and customer satisfaction. Additionally, the limited accessibility of payouts across borders and currencies posed significant obstacles. Recognizing these pain points, Visa Direct and Nuvei partnered to revolutionize the payout experience. By leveraging their collaboration, businesses can now enjoy the transformation from multi-day delays to seamless, real-time payouts taking just minutes.

The results

The collaboration between Visa Direct and Nuvei yielded remarkable results, revolutionizing the way businesses approach payout experiences. Marketplaces now have the ability to pay their sellers swiftly, ensuring a frictionless transaction process no matter where the sellers are based. Insurance companies experienced a drastic reduction in claim processing times, enabling them to disburse funds directly into policyholders' accounts within minutes. Furthermore, crypto holders can seamlessly transfer funds between their debit cards and crypto exchange accounts in real time.

Our collaboration with Nuvei in Europe is already helping its customers realize the benefits of fast and secure digital payout capabilities via Visa Direct, We are excited to partner with Nuvei in the U.S. so their clients can use Visa Direct to help them digitize paper-based, inefficient processes.

Ruben Salazar, SVP and global head of Visa Direct.

By leveraging Visa Direct's cutting-edge technology, the partnership successfully enabled businesses to provide fast, secure, and delightful payout experiences. The solution met the evolving demands of customers who seek instant and convenient payment options in today's commerce landscape. Visa Direct's integration with Nuvei allowed businesses to expand into new markets, unlock new revenue streams, and stay ahead in an increasingly competitive marketplace.

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