/payments

News and resources on payments systems, innovations and initiatives worldwide.

Checkout.com is first acquirer in the UAE to offer Push-to-Card via Visa Direct

Checkout.com, a leading global digital payments company, is advancing its collaboration with Visa to launch Visa Direct’s Push-to-Card solution for cross-border and domestic transactions in the UAE.

  0 Be the first to comment

External

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

Checkout.com is now the first acquirer in the UAE to offer the Push-to-Card solution, empowering merchants and consumers with real-time money transfer capabilities.

Visa Direct is a global money movement platform that connects more than 190 markets, offering access to over 8.5 billion card, account, and wallet endpoints through a single-entry point.

The Push-to-Card solution enables merchants and consumers in the UAE to send money quickly and easily to eligible Visa cards, offering near real-time fund disbursements. This solution brings a host of benefits, including fast remittances, peer-to-peer (P2P) payments, and merchant payouts. With both local and cross-border coverage, it expands users’ reach while leveraging the security and reliability of Visa’s global network. The solution also helps merchants enhance operational efficiency by simplifying transactions, eliminating the need for complex banking details, and ensuring improved payment performance.

“Visa Direct is transforming the way money moves globally, and we are excited to see Checkout.com leverage this technology to meet the evolving demands of businesses and individuals alike by offering them a faster, more convenient, and secure way to send and receive funds,” said Shahebaz Khan Senior Vice President and Head of Commercial and Money Movement Solutions, CEMEA

“The UAE has rapidly emerged as a leader in digital payments, fueled by a clear vision to create a cashless, interconnected ecosystem. By providing seamless, secure, and real-time payout capabilities, we’re empowering merchants with the agility to thrive in this fast-evolving landscape, while effectively meeting the growing consumer demand for speed and convenience. The Push-to-Card solution not only reinforces our commitment to powering payment performance but also showcases our agility in bringing yet another innovation to the UAE market. As the first to launch this solution, we’ve once again set the benchmark for fast, efficient, and future-ready payment experiences.” noted Remo Giovanni Abbondandolo, General Manager for MENA at Checkout.com.

According to Checkout.com’s latest annual MENA e-commerce report, nearly 80% of consumers in the region engage in fintech activities beyond just making online payments, including money transfers, investments, and personal finance. As digital financial solutions continue to grow, real-time money movement has become a key consumer demand, driving the need for faster and more seamless payment experiences.

In response to this shift, Account Funding Transactions (AFTs) are gaining significant traction in the UAE. Alongside the growing adoption of Push-to-Card services, AFTs enable merchants to offer a fast, secure, and efficient way for consumers to fund digital wallets and accounts. Checkout.com now processes over one million AFTs per month with Visa, helping businesses meet evolving payment expectations.

By eliminating multiple intermediary steps, AFTs allow real-time account top-ups through secure transactions, reducing friction, minimizing fraud risk, and enhancing customer satisfaction. For merchants, this also translates to lower transaction costs and greater operational efficiency, reinforcing the UAE’s push toward a cashless economy.

As digital commerce expands, AFTs are playing a pivotal role in accelerating financial inclusion and driving payment innovation across the Middle East.

Sponsored [New Impact Study] Bank Legacy Transformation is Not a New Challenge: Exploring the Solutions

Related Company

Keywords

Comments: (0)

[Impact Study] 2024 Fraud Trends in Banking, Insurance, and BeyondFinextra Promoted[Impact Study] 2024 Fraud Trends in Banking, Insurance, and Beyond