Alternative Payment Solution: Visa Checkout

Alternative Payment Solution: Visa Checkout

Summary

Visa Checkout is an online payment solution developed by Visa. Launched in 2014, it replaced the V.me digital wallet solution first introduced in 2012. It allows users to store multiple card details and billing addresses for faster checkout.

Visa Checkout works on all web-enabled devices. It is currently supported by more than 350,000 merchants globally, with more joining each month. No extra charges are associated with Visa Checkout in addition to regular interchange fees, which helps boost uptake among merchants.

Visa Checkout supports all major payment schemes - including Visa, Mastercard, American Express, and Discover - and is supported by more than 1,600 financial institutions globally. In the US, it has collaborated with all of the country’s major banks, including Bank of America, Chase, BB&T, US Bank, and Wells Fargo.

The Visa Checkout open platform allows consumers to use other participating digital wallet providers, such as Google Pay, to checkout online where Visa Checkout is accepted.

Launched initially in the US, Canada, and Australia, the solution is now available in a total of 45 countries, including Brazil, China, Hong Kong, India, Mexico, New Zealand, Singapore, South Africa, the UAE, and the UK.

The report provides information and insights into alternative payment solution Visa Checkout, including -
- Detailed insight into its business and geographical presence
- Comprehensive coverage of its products and services
- Comparative assessment with key alternative payment solutions
- Information on its performance, including its revenue model
- The companys important events and milestones.

Scope

- In 2014, Visa Checkout replaced the V.me digital wallet solution.
- Visa Checkout in-app payments are supported by a number of merchants globally, including Dunkin’ Donuts, Starbucks, Pizza Hut, Shutterfly, Parkmobile, Wyndham, and United Airlines.
- Visa Checkout supports all major payment schemes - Visa, Mastercard, American Express, and Discover.
- In December 2018, the solution partnered with Qatar-based bank Ahlibank, enabling the bank’s debit and credit card holders to pay online using Visa Checkout.

Reasons to buy

- Gain insights into Visa Checkouts business operations, and key events.
- Gain insights into its product portfolio and revenue model.
- Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.

Overview
Historic Milestones
Benchmarking
How Does It Work?
Products & Services
Significant Events
Partner Banks and Financial Institutions in the US
Supporting Merchants
Appendix

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