Instant peer-to-peer (P2P) payments becoming available via RevoluPAY, using Visa Direct technology through RevoluSEND.
In a significant move towards digital payments, Visa and RevoluPAY have announced a partnership to launch Visa Direct, a solution for instant person-to-person money transfers through RevoluSEND. This collaboration is set to revolutionise the way Spaniards transfer money, offering a secure and efficient platform for sending gifts, splitting expenses, or assisting relatives outside of Spain.
With this partnership, RevoluPAY clients can now send and receive money instantly to a card or account directly within the application. To initiate a transfer, users need to complete a form with the Visa card or account numbers of the intended recipient and confirm the transaction.
Eduardo Prieto, Country Manager of Visa in Spain, stated that Visa is at the forefront of developing innovative technology for faster and secure person-to-person money transfers. He added that this solution is a part of a growing trend among consumers favouring digital payments and seeking new methods for seamless money transfers.
The Visa Direct platform is operational throughout the European Economic Area due to Visa's global network and RevoluPAY's technology and license. This expansion in Spain marks a significant step for Visa, as they continue to be at the forefront of innovation, dedicated to enhancing accessibility and efficiency in emerging payment methods and channels.
Gavin McMillan, RevoluGROUP CEO, considers the alliance with Visa as a commitment to provide secure, innovative, and nearly real-time payment solutions. He further stated that this partnership underscores their strength in the market and dedication to maximising value for shareholders.
The name of the CEO of RevoluGROUP who announced the use of Visa Direct for person-to-person money transfers as a partner of Visa is Eric Ehrencrona. RevoluPAY operates alongside 100 other financial institutions in Europe using the Visa Direct platform.
According to Visa's data, 42% of Spaniards have used mobile payments at least once. This partnership is expected to cater to this growing demand for digital and instant payment solutions, offering a secure and efficient platform for the modern consumer.
The Visa Direct platform enables fast and secure business-to-consumer, government-to-consumer, and consumer-to-consumer payments globally. This solution is set to redefine the way money is transferred, offering a seamless and secure experience for all parties involved.
In conclusion, the partnership between Visa and RevoluPAY is a significant step towards a more digital and efficient payment landscape in Spain. With Visa Direct, users can now send and receive money instantly, offering a secure and efficient solution for everyday transactions.
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