Checkout.com has announced a partnership with Visa to introduce card issuing capabilities across its platform, aimed at merchants in the UK and Europe.
The collaboration was noted by Visa CEO Ryan McInerney during the company’s third-quarter earnings call.
Through the partnership, Checkout.com will provide issuing services for both physical and virtual Visa cards, enabling merchants, particularly those in the travel sector, to access Visa’s global issuing infrastructure via Checkout.com’s platform.
The offering builds on Checkout.com’s existing payment technology, which supports high-volume e-commerce transactions, and Visa’s established global network.
For travel businesses, this development is intended to simplify treasury operations by removing the need for pre-funding, improving cash flow, and providing better control over spending.
The sector often faces fragmented payment systems that make it difficult to align customer payments with the disbursement of funds to suppliers and partners.
With acquiring and issuing now both available through Checkout.com on the Visa network, alongside issuer processing, merchants are positioned to reduce operational friction.
Funds processed through Checkout.com can be made available immediately, potentially improving liquidity and efficiency.
Antony Cahill, CEO of Visa Europe, said:
“At Visa, we recognise the unique challenges faced by the travel industry when it comes to managing payments and cash flow. Our partnership with Checkout.com brings powerful card issuing solutions to the sector, enabling travel businesses to operate with greater efficiency, reduced friction and improved capital management.”
Guillaume Pousaz, CEO of Checkout.com, added:
“Our new issuing partnership with Visa presents a major opportunity for merchants. By harnessing the power of Checkout’s acquiring and issuing, we eliminate the need for pre-funding, enable immediate access to funds, and enhance cash flow management. This not only improves operational efficiency but also unlocks growth potential and business performance.”
Featured image credit: Edited by Fintech News Switzerland, based on image by CardMapr.nl via Unsplash
