SAN FRANCISCO—PayU, an online payment service provider for emerging markets operating on four continents, announced it will enable push payments in partnership with Visa.
PayU is launching the Card Push service to provide businesses with quick, simple and efficient payments to end points. Thanks to Visa Direct, a real-time push payments platform, businesses using PayU Card Push will be able to instantly transfer money to a bank account linked to a Visa card, Finextra explained.
“With PayU Card Push, we’re introducing a solution that responds to the needs voiced by many of our clients,” said Joanna Pieńkowska-Olczak, president, PayU SA. “It helps online businesses send money to users, employees, contractors and partners. PayU Card Push will be available first to PayU’s business partners in Poland and the Czech Republic, with a view to launching it across the European Union.”
Crowdfunding Platform Going First
The first to implement PayU Card Push is crowdfunding platform Zrzutka.pl.
“We’re pleased that with this new service launched by PayU and based on Visa Direct,
a globally recognized push payments solution, our users will have even quicker access to funds collected from donors. It’s a vital innovation for our platform as it allows people to receive money almost as soon as their supporters order a transfer, regardless of the time or day of the week’, said Tomasz Chołast, co-founder, Zrzutka.pl.