For over sixty years, Visa has successfully built a payment network that has been digitizing payments for individuals, businesses and governments around the world. In FY 2021, we processed more than 10.4 trillion dollars in payment volume
. We continue to partner with fintechs and solution partners to bring innovative global money movement solutions to market. We connected 3.7 billion cards, more than 100 million merchants , and 15,100 financial institutions
As a world leader in digital payments working with key players in the industry along with other payment networks, Visa continues to displace cash and accelerate commerce around the world.
Dee Hock and all the Visa pioneers to follow in his footsteps, declared that the company’s mission is to create a ubiquitous network to digitize currency and reduce the reliance on cash within the global payments ecosystem; that’s as true now as it was 60 years ago.
As commerce evolves, Visa continues to innovate to help accelerate the speed, resilience, and security of digital payments. Visa Direct is one important element of how we are helping shape the future of money. Visa has been diligently building our real-time
money movement solution to participate in transactions across multiple use cases, such as person-to-person and account-to-account transfer of funds, business payouts to individuals and small businesses, merchant settlements, and refunds . In FY 2021, Visa Direct processed more than 5 billion transactions across 500 programs with nearly 550 enablement partners, reaching consumers and businesses in more than 180 countries
Global money movement requires a network that is nonstop
We are excited about the possibilities we can unlock with Visa Direct as we help connect businesses and consumers around the world with vast scale, security, efficiency, and speed with innovation that’s nonstop – all through a single point of connection.
Today, Visa Direct serves as a vast money movement network with more than 5 billion end points combining cards and accounts. With the launch of Visa Direct Payouts, Visa now has access to 66 ACHs, 7 RTPs and 5 payment gateways around the world
. Visa also operates a Push Payment Gateway, expanding the network to eligible non-Visa cards for disbursement purposes, while providing added convenience and simplicity from a single integration.
The next generation of money movement starts now
To accelerate widespread adoption and usage, Visa is simplifying the global connection to the Visa Direct network with the introduction of a single API, which reaches eligible cards and accounts, enabling quick and convenient funds transfers for individuals and small businesses. We also continuously look to add new endpoints, such as wallets and crypto partners, to expand the reach of Visa Direct in the future. For example, actively developing the ability to land transactions directly in mobile wallet is relevant for countries with large unbanked populations. Visa Direct’s ability to send to card, send to account, or eventually send to wallet – through a single connection – can help accelerate time to market for our clients and partners around the world.
The winners are consumers and SMBs
A robust money movement network helps empower people and businesses to pay and get paid, and to send and receive money around the world. The potential to reduce payment friction and reach bank accounts or cards in more than 180 countries via an expansive global network, is helping unlock a future of nonstop potential.
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