The company will also make Click to Pay available for merchants in the U.K. and Europe so they can offer it as a checkout option for eligible cardholders, Visa said in a Tuesday (June 16) press release.
Click to Pay enables online checkout without the need to manually enter card numbers, passwords or one-time codes. It works across devices, browsers and participating merchants domestically and when shopping online internationally, according to the release.
The feature is powered by network tokenization, which helps protect card information, and it supports modern authentication methods such as Visa Payment Passkey, which uses biometrics to confirm identity, the release said.
Revolut’s enabling of Click to Pay means millions of U.K. and European consumers will already be enrolled in the feature when they arrive at checkout, per the release.
Alex Codina, general manager of merchant payments at Revolut, said in the release that the company’s enabling of Click to Pay is part of the company’s effort to give customers choices in digital payments.
“Our goal is to offer flexible, secure ways to pay, and integrating the Click to Pay standard gives our customers an excellent additional option for a smooth checkout experience,” Codina said.
Mathieu Altwegg, head of product and solutions, Europe at Visa, said in the release that Click to Pay makes online commerce as quick, consistent and secure as tapping a card in person.
“By bringing Visa Click to Pay to millions of people, [Revolut is] moving the optionality of online checkouts towards a new best-in-class solution, built on the foundations that will power the next generation of digital experiences.”
The PYMNTS Intelligence report “Going Global: How Payments Optimization Can Power an International Commerce Strategy” found that 18% of shoppers pick their preferred channel based solely on the availability of one-click checkout, while 84% consider the feature an important factor.
The report also found that one-click checkout can increase authorization rates by more than 10% compared to manual card entry.
