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Visa, Wave to streamline cash management for small businesses

Friday 19 April 2019 | 10:44 AM CET

Visa and Wave have launched a new payments solution that aims to transform the way small businesses manage their cash flow.

Using Worldpay’s acquiring platform, Wave’s new Instant Payouts feature integrates Visa Direct, Visa’s real-time push payments solution, into Wave’s small business financial platform.

Instant Payouts feature is backed by Visa’s network, which helps enable real-time funds delivery directly to eligible Visa cardholder account credentials. This feature is part of a suite of complementary solutions that Wave offers to small business owners, and is fully integrated with the Payments by Wave experience.

By combining Wave’s invoicing and payment solutions for small businesses, Visa’s push payment technology and Worldpay’s acquiring platform, Wave customers are able to receive money in real-time. 

Currently, Instant Payouts is available to an early access group of Wave customers, with plans to be released to customers across North America in the coming months of 2019.

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