Paysafe is extending its partnership with Visa to incorporate the company’s real-time push payments platform.

The specialised payments platform said that the real-time technology is particularly well suited to cryptocurrency, FX trading, and iGaming, where speed of settlement is key.

Paysafe will offer ‘Visa Direct’ to merchants, exchanges, operators and other online businesses in the UK and Europe.

“In some of the sectors we operate in, such as cryptocurrency or iGaming, speed of settlement is absolutely central to business success due to the rate at which the industry is moving,” said Paulette Rowe, chief executive of integrated and e-commerce solutions, Paysafe. “It is in these specialised industries that, now more than ever, an effective approach to payments can provide a competitive advantage, and steps such as this are likely to help to propel the more emerging industries into the mainstream.

“We’re therefore delighted to offer Visa Direct as part of our portfolio to enable rapid customer payouts underpinned by a secure and trusted brand like Visa.”

Nicky Alexander, head of Visa Direct Europe, said: “At Visa, we’re focused on reimagining how money moves around the world. Through this collaboration with Paysafe, we’re excited to bring a more streamlined customer journey and real-time transfer capabilities to more businesses in the UK and Europe.”

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