Payverse becomes a Global Visa Direct Enablement Partner, Revolutionizing Global Commerce
ATLANTA - Jan. 12, 2024 - PRLog -- Payverse, an innovator in financial technology, today announced that it will integrate with Visa Direct to bring simplified supplier payments to its clients globally. This strategic collaboration with Visa marks a significant milestone for Payverse, reinforcing its commitment to providing seamless and efficient cross border payment solutions.
Visa Direct helps enable global money movement and provides a single point of access and reach to over 8.5 billion endpoints including 3+ billion eligible cards, 3+ billion accounts and 2.5+ billion digital wallets. Integrating Visa Direct capabilities aligns with Payverse's vision to simplify global money movement and will allow Payverse to extend its innovative solutions to businesses around the world and help alleviate the struggles that come with cross border payments.
The focus of the Payverse and Visa collaboration will be to simplify accounts payable payments from the United States by offering this service as an add-on to ERP platforms (Enterprise Resource Planning) or standalone. Payverse's solution conforms to Visa Direct standards for risk management and compliance.
"The supply chain industry is crucial to the growth of our global economy," said Yanilsa Gonzalez-Ore, North America Head of Visa Direct. "Under our suite of Commercial and Money Movement Solutions, Visa will deliver capabilities through Visa Direct to route payments to suppliers within Payverse's network, helping to alleviate pain points in the accounts payable process."
"We are very excited to offer our clients the ability to simply pay suppliers around the world while helping to reduce the operational and hard costs of current global money movement," said Sandra Blair, CEO of Payverse.
About Payverse: Payverse is a US based payment processor that is connecting commerce through 2 products: (i) US based UnionPay processing and (ii) domestic and cross border remittance for Visa, Mastercard and UnionPay. Payverse launched in March 2022 and is a women led startup.