The volume and frequency of global cross-border payments continues to accelerate, but 84% of consumers don’t have a default cross-border payment method and are looking for one.¹ Remitters who offer fast, reliable cross-border payments have an unprecedented opportunity to unlock expansion and growth. Customers expect cross-border payments to be as easy as paying a friend, and remitters need better payout solutions that rise to the demand.
The Nuvei and Visa Direct partnership sets a new standard with simplicity, security and speed, reaching billions of cards and accounts in over 195 enabled countries and territories and 150 currencies. By combining Nuvei’s modular, scalable technology with Visa Direct’s trusted global network, remitters can now offer fast, streamlined payments to more than 195 enabled countries and territories through a single integration.
It’s a new era for cross-border payments with reduced operational complexity, streamlined compliance, minimized fraud risk and elevated customer satisfaction.
Cross-border payments built for life today
Until now, cross-border payouts have been defined by fragmented systems, unpredictable costs and ongoing concerns around fraud and security. For remitters, that has meant juggling multiple providers and platforms, enduring numerous operational inefficiencies and navigating a web of complex regulations and reporting requirements. Our previous blog post explores these issues in more detail.
The Nuvei-Visa Direct partnership directly addresses these challenges with a single integration that delivers access to cards and accounts worldwide. This modular, scalable solution brings together Nuvei’s flexible technology and Visa Direct’s trusted global reach to deliver payouts that are fast, secure and transparent.
As Vira Platonova, Global Head of Visa Direct, puts it: “Our collaboration with Nuvei expands access to faster, account-based payouts through Visa’s global network. By integrating Visa Direct to Account, more businesses can now reach consumers and workers worldwide through secure and scalable real-time² payment capabilities.”
With Nuvei and Visa Direct, providers can finally move beyond the roadblocks of legacy systems and provide payout experiences that fit modern life.
The key to becoming customers’ go-to provider
What sets the Nuvei-Visa Direct solution apart is its power and simplicity. A single integration connects to cards and bank accounts quickly and securely, giving your customers the ability to choose the payout method that works best for them.
With just 16% of customers currently using a single cross-border payment method, 84% haven’t found a preferred provider even though they are looking for one.¹
The Nuvei-Visa Direct partnership positions you to deepen loyalty with existing customers and attract new ones. It removes the inconvenience and security fears that have kept 67% of customers from using a particular cross-border method.1
- A single, modular platform: Nuvei’s technology creates one gateway for global payouts.
- Real-time2 reliability and flexibility: With the Visa network, payouts can be made to accounts and cards and are processed in 30 minutes or less with a 99% authorization rate.
- Global reach: Payments can be made to 195+ countries and in 150+ currencies.
- Transparent fees: Clear, upfront pricing eliminates uncertainty.
- Built-in security and trust: Visa’s 24/7 risk and fraud monitoring, advanced authentication and tokenization plus real-time notifications give customers confidence in every transaction.
This unified approach positions your business to offer the frictionless cross-border experiences that captures loyalty.
The many benefits for your business
In addition to elevating your customers’ payout experience, the Nuvei-Visa Direct partnership also empowers you to scale fast, streamline operations and create opportunities for growth.
Expand easily
- Enter new markets quickly and efficiently, supporting local currencies and payout preferences without the need to build new banking connections.
- Scale offerings across key European corridors and beyond, fueling strategic growth and long-term innovation.
Achieve operational efficiencies
- Simplify treasury workflows with Nuvei’s single, integrated payout platform.
- Manage all your global payouts through one partner, eliminating the need for multiple systems and vendors.
Save time and money
- Provide fast access to funds, helping with liquidity management and reinvestment.
- Benefit from transparent, consistent fees and timing for easier forecasting and budgeting.
- Reduce transfer fees and foreign exchange costs (average savings of $6 per $200 transaction compared to cash transfers).
Increase market share
- With robust fraud protection, real-time status updates and flexible payout options, you create customer experiences that deepen relationships and can capture more cross-border business.
1 Unlocking the future: banking on cross-border payment habits.” 17 June - 2 July, 2024. 13 countries: US, Canada, Brazil, Mexico, UK, France, Germany, Sweden, Australia, Hong Kong, Philippines, Singapore, UAE. All studies, surveys, research, and materials owned or commissioned by Visa shall not be used, reproduced, copied, or recirculated without the prior consent of Visa.
2 Actual fund availability for all Visa Direct transactions may depend on receiving financial institution, account type, region, compliance processes, along with other factors, as applicable.