Alternative Payment Solution: Visa Checkout
Visa Checkout is an online payment solution developed by Visa. Launched in 2014, it replaced the V.me digital wallet solution launched in 2012. It allows users to store multiple card details and billing addresses for faster checkout.
Visa Checkout works on all web-enabled devices. It is currently supported by more than 350,000 merchants globally, with more joining each month. No extra charges are associated with Visa Checkout in addition to regular interchange fees, which helps boost uptake among merchants.
Visa Checkout supports all major payment schemes - including Visa, Mastercard, American Express, and Discover - and is supported by more than 1,600 financial institutions globally. In the US it has collaborated with all of the country’s major banks, including Bank of America, BBVA Compass, Chase, BB&T, US Bank, and Wells Fargo.
Visa Checkout Open Platform allows consumers to use other participating digital wallet providers (such as Google Pay) to check out online where Visa Checkout is accepted.
Launched in the US, Canada, and Australia, the solution is now available in a total of 45 countries, including Brazil, China, Hong Kong, India, Malaysia, Mexico, New Zealand, Poland, Singapore, South Africa, the UAE, and the UK.
The report provides information and insights into alternative payment solution Visa Checkout, including -