back Back

Brightwell partners with Visa to offer payouts to bank accounts & wallets

By Delisha Fernandes

January 18, 2024

  • Bank Accounts
  • Brightwell
  • Cross Border Payments

Brightwell,Brightwell, a global payments technology company, has partnered with Visa, a world leader in digital payments, to enable payouts to eligible bank accounts and wallets around the world.

The collaboration makes Brightwell — a cross-border payment-focused FinTech — the first Visa-enablement platform provider in North America to offer all cross-border payment modalities provided by Visa Direct.

“The implementation of Visa Direct’s account and wallet payment capabilities expands our network to more than 8.5B endpoints capability in 160 currencies,” said Larry Hipp, Brightwell Chief Executive Officer. “This gives Brightwell the ability to send money across borders to eligible cards, bank accounts and wallets around the world. Through our collaboration with Visa, we bring more payment options and reach to our banking, program manager and corporate clients.”

Visa Direct provides reach to over 8.5 billion endpoints capacity including 3+ billion cards, 3+ billion accounts and 2.5 billion digital wallets. As banks and corporations are becoming increasingly global, they need reliable, cross-border payments solutions. Together with Visa Direct, Brightwell provides its clients with quick and easy global payments.

McKinsey’s 2023 Global Payments Report shows global payments revenue grew by double digits for the second consecutive year, reaching an all-time high of more than $2.2 trillion. The report also revealed instant payments are increasing.

“As the global payments industry continues to reach new markets, Visa remains focused on helping to foster innovation and support new payment experiences across the ecosystem,” said Yanilsa Gonzalez-Ore, North America head of Visa Direct. “Through this collaboration with Brightwell, we’re excited to extend Visa Direct’s vast reach to more consumers around the world, helping them quickly access via accounts and wallets as endpoints.”

Previous Article

January 18, 2024

Dubai-based FinTech platform Znap rebrands to TOTL

Read More
Next Article

January 18, 2024

Allied Banking Corporation migrates operations to cloud with Finastra

Read More

IBSi Daily News Analysis


February 23, 2024

Bank Accounts

Regulated firms battle surge in financial crime attempts, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 23, 2024

Ebury and Nium team to offer cross-border payments in Brazil

Read More

February 23, 2024

FinTech Focus: Catch latest developments of the week

Read More

February 23, 2024

MultiPay teams up with to launch Pay By Bank

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023