Member Exclusive, Payments

With Direct Payouts, Visa can push payments to cards and accounts cross border

  • Visa Direct has built an ecosystem of senders and receivers powered by push payments.
  • Visa is now launching Visa Direct Payouts, extending push payments cross border and to more types of accounts.
close

Email a Friend

With Direct Payouts, Visa can push payments to cards and accounts cross border

Push payments are the reverse of how we think credit cards work. Instead of pulling customer funds to pay a merchant, push payments have merchants sending money out to the cardholder. Visa Direct is a major player in the space and the payment firm is now announcing Visa Direct Payouts, which allows Visa clients and partners to push payments to cards and accounts for cross border payments. With this new addition, Visa Direct now provides multi-rail access to 5 billion cards and accounts combined across more than 200 geographies, supporting 160 currencies.

SPONSORED

 

Bill Sheley, svp, global head, Visa Direct joins me on the podcast to discuss the launch of Visa Direct Payouts. We talk about the challenges and opportunities of sending money cross border and how Visa is positioning itself in this market. Bill gives us an update on Visa Direct and how the ecosystem has grown over the past year and where it’s headed in the future. 


This content is available exclusively to Tearsheet Outlier members.

Tearsheet Outlier information and signup Missing out? Subscribe today and you’ll receive unlimited access to all Tearsheet content, original research, exclusive webinars and events, member-only newsletters from Tearsheet editors and reporters and much more. Join Outlier now — only $49/mo. Already an Outlier member? Sign in to your account

0 comments on “With Direct Payouts, Visa can push payments to cards and accounts cross border”

Payments

The payments space is getting closer to really serving B2B

  • B2B payments is a massive field that still hasn't seen a single player make a huge mark.
  • That's changing as a new class of fintechs set their sights on the space.
Ismail Umar | September 20, 2021
Payments

‘E-commerce subscriptions are about stability and predictability for consumers’: Behind Recharge’s recent growth

  • As more consumers started subscribing to various purchases during the pandemic, Recharge saw its own growth in revenue.
  • But are subscription services enough to stand on as a payments company?
Rivka Abramson | September 15, 2021
Payments, Sponsored

Gig workers are paving the future of payments

  • The gig economy is here to stay, and it's growing across the globe.
  • These are the four major trends shifting the payments space.
Nium | September 08, 2021
Payments, Sponsored

Tap to pay is here to stay: How to deliver a delightful contactless customer experience

  • Contactless payments have graduated from nice-to-have to a must-have option at stores.
  • The pandemic sped up the adoption process for Americans, many of whom now expect tap to pay.
Visa | September 02, 2021
Payments

HSBC UK uses new card designs in bid for greater accessibility

  • In association with the The Alzheimer’s Society UK, HSBC has redesigned its cards to make them more accessible.
  • The new cards, made 85% out of recycled plastic, are believed to reduce CO2 emissions and reduce plastic waste.
Subboh Jaffery | August 25, 2021
More Articles