Visa Direct

Visa global real-time push payments platform.

Definition

Visa Direct uses OCT (Original Credit Transaction) on VisaNet for card-to-card payments, plus ACH/RTGS rails for account-to-account. Acquisitions Earthport 2019 ($320M), YellowPepper 2020, Currencycloud 2021 ($925M). 7 billion transactions processed in FY24.

Origin

Visa Inc., launched 2014, global expansion 2017, Earthport integration 2019, Currencycloud 2021.

Usage

Gig economy payouts (DoorDash, Instacart), insurance claims, Western Union x Visa remittances, gaming payouts, P2P (Venmo, Zelle integration).

Related terms

• Mastercard Send — concurrent direct.
• Push payment — catégorie.
• Currencycloud — acquisition FX cross-border.