Fintech & Ecommerce

Visa’s subsidiary expands payments through new partnership

The agreement expands Cybersource’s existing alternative payments suite

Cybersource

Visa’s subsidiary expands payments through new partnership. Source: unsplash.com

Cybersource has partnered with the provider of Account-to-Account payment solutions, Nuapay.

Nuapay’s end-to-end cloud environment for collecting recurring payments has been integrated into Cybersource’s payment gateway.

This enables Cybersource’s existing customers to rapidly use Nuapay’s solutions, including SEPA and Bacs schemes.

The report states that much of the growth in recurring payments are being delivered by the growth in subscription services. Particularly, in the current environment with subscription usage in areas such as digital news and media, as well as video streaming.

According to data, 85% of subscription businesses are maintaining or growing membership during this time. Meanwhile, 1 in 5 subscription businesses actually accelerating their growth.

Far more goods and services are now being provided on a subscription basis rather than a one-time fee for unlimited access. As this trend continues apace we are delighted to be teaming up with Cybersource to provide their varied merchant base with this increasingly popular option via our comprehensive Direct Debit product suite
Sean Fitzgerald, Chief Executive Officer, Sentenial

We’ve reported that Canadian Tangerine Bank has teamed up with Visa to give its chequing clients an option to pay with Visa Debit.

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