Nuvei Enhances Payment Solutions with Visa Direct Integration for Efficient Payouts

Nuvei Expands Payment Solutions with Visa Direct Integration

Nuvei, a global payment technology partner, has recently announced a pivotal enhancement to its platform by integrating Visa Direct for Account. This new feature allows merchants to transfer funds directly to consumers' and workers' bank accounts across eligible countries, significantly streamlining the payout process.

The New Offering

With this development, Nuvei joins the ranks of pioneering global acquirers implementing this capability, solidifying its partnership with Visa in facilitating faster and more efficient global money transfers. This integration not only expands its range of payout solutions but also positions Nuvei as an industry leader in payment technology.

According to Phil Fayer, Nuvei's Chair and CEO, “Consumers expect instant access to their funds whether it’s for payouts, refunds, or remittances.” He emphasizes that this new feature empowers merchants to meet these expectations by offering quicker, more convenient, and dependable payouts.

The Visa Direct for Account integration enhances Nuvei’s existing Visa Direct for Card functionality. This allows merchants to seamlessly send out funds in multiple currencies with greater speed and improved cash flow, ultimately enhancing customer satisfaction and operational efficiency. For businesses, this creates a single-integrated payout solution, making the entire process not just faster but also more cost-effective.

Increased Demand for Real-Time Payments

The demand for real-time payment solutions has risen significantly, with Visa boasting a massive footprint in this area. It now connects to over 11 billion endpoints globally, spanning cards, accounts, and digital wallets. The reported surge in Visa Direct transactions—from 1.6 billion in 2019 to over 10 billion in 2024—highlights the growing trend of account-based payouts.

Industry research anticipates that the landscape for account-to-account (A2A) payments will continue to evolve, forecasting a staggering rise in transaction value from $1.7 trillion in 2024 to approximately $5.7 trillion by 2029, reflecting an increase of roughly 230%. This trend indicates a shift in consumer preferences toward instant and real-time payment methodologies.

Versatile Applications

Visa Direct for Account caters to a wide array of use cases, making it an attractive solution for numerous sectors. These include, but are not limited to, gig economy earnings, insurance claims, remittances, marketplace settlements, loan disbursements, and digital goods payouts. Nuvei’s platform enables businesses to more effectively target these diverse use cases, providing localized payouts in the respective currencies of their customers through a secure connection.

The rollout of this solution will begin with a phase in Europe, with plans to expand to additional geographies and capabilities expected to unfold in 2026.

About Nuvei

Nuvei is a leading technology provider essential for the global payment ecosystem. The company offers a flexible, modular, and scalable approach, allowing businesses to facilitate next-gen payments across more than 200 markets. With local acquiring capabilities in 50 markets and support for over 150 currencies alongside 720 alternative payment methods, Nuvei provides organizations the necessary tools and insights to excel both locally and globally with a single integration.

For further information about Nuvei and its services, visit www.nuvei.com.