VISA

Visa Checkout Hits 1 Million Enrolled Milestone In UK

Visa announced news on Wednesday (Jan. 31) that Visa Checkout, the online payment method introduced in the United Kingdom in the middle of 2017, hit a milestone by securing 1 million customer accounts.

The company said the U.K. is now among the fastest-growing markets for Visa Checkout. Since its launch, said Visa, the company has seen several merchant integrations, spanning names such as lastminute.com in Ireland, Domino’s, AXS, Ebuyer, HMV, Mighty Deals and Match.com.

Visa said the service is growing at such a pace that some merchants are seeing a third of their payment volumes coming through Checkout.

Drilling down a bit, consumer research that had been commissioned by Visa uncovered that takeaway food is a burgeoning sector for online sales. A bit more than half of British consumers have ordered food online. Millennials top the list here, as 85 percent have ordered food delivery. Overall, a quarter of those studied have used mobile devices in those transactions.

In a statement, Carleigh Jaques, who serves as SVP, global head of Digital Merchant Products at Visa, said thatthrough Visa’s CyberSource payment management platform, our merchant customers, like Domino’s, are empowered to bring their consumers the latest digital payments innovations, like Visa Checkout, to markets around the world. The power of our platform, coupled with Visa Checkout, delivers the safety, security and convenience that our merchants and their customers — in Europe and around the world — have come to expect from Visa.”

The company also said that issuers such as HSBC, Nationwide and Royal Bank of Scotland have been integrating their card art into services for holders.

——————————–

Featured PYMNTS Study: 

With eyes on lowering costs to improving cash flow, 85 percent of U.S. firms plan to make real-time payments integral to their operations within three years. However, some firms still feel technical barriers stand in the way. In the January 2020 Making Real-Time Payments A Reality Study, PYMNTS surveyed more than 500 financial executives to examine what it will take to channel RTP interest into real-world adoption. Here’s what we learned.

TRENDING RIGHT NOW