Visa dives further into BNPL, cross-border payments as economic storm clouds gather

The news: Visa expanded its reach into two high-growth segments.

Installments. Through a tie-up with paytech Nuvei, Visa is bringing its buy now, pay later (BNPL) program to more Canadian retail brands, including Simons and Trévi, per a press release. Visa Installments is an API-based solution that lets cardholders pay for purchases over time through participating issuers.Cross-border payments. Visa Direct—Visa’s card-based push payments platform—integrated with cross-border payments startup Thunes, per a press release. The tie-up lets Visa’s clients enable send-to-wallet capabilities to the 78 global digital wallets using Thunes, increasing Visa Direct’s endpoints by 1.5 billion.

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