Visa checkout at one year after launching: 330 financial partners, 250,000 merchants and more than 6 mil. registered users

In recent months, no less than thirty-three new merchants from Australia, United States, Canada and Colombia have signed on to offer Visa Checkout. The expanded list brings the number of large and small merchants offering Visa Checkout to nearly a quarter million globally, while financial institution partners have grown to over 330, according to a press release. These represent some of the biggest retailers on the internet, including Staples, Rakuten, Neiman Marcus, Gap, Pizza Hut, Orbitz, and Virgin America.

In addition to the range of new, global merchants, more issuers around the world are also offering Visa Checkout to their customers. This is especially true in China and United Arab Emirates, where consumer demand for overseas goods continues to grow, and issuer partners have rised to 10 new banks.

As of August 10, 2015, China Merchants Bank (CMB) and Shanghai Pudong Development Bank (SPDB) are the first two issuers in the world who have launched Visa Checkout’s mobile app inline provisioning within their banking apps, providing their customers with an easy way to enroll in Visa Checkout for shopping online at overseas merchants.

“It’s great to see banks like CMB and SPDB bringing best-in-class enrollment experiences to their customers in China who are eager to shop overseas,” said Senior Vice President of Visa’s Digital Solutions, Sam Shrauger, who recently outlined Visa’s Checkout strategy in a pymnts.com article. “As more merchants and issuers integrate Visa Checkout, the number of consumers seeing the benefit of a faster online checkout experience also grows. We’re starting to see the network effect kick-in.”

In just the last two months alone, Visa Checkout saw a surge of activity, with an average monthly enrollment growth rate of over 30 percent in June and July 2015.

Only one year after launching, the service has more than six million registered users, and has seen registered user sign ups increase by more than 92 percent since the beginning of 2015.

“Consumers expect to get what they want, when they want it in digital commerce channels and eliminating friction in the buying experience is a big part of that,” said Thad Peterson, Senior Analyst at Aite Group. “Shopping cart abandonment has been a big problem for merchants and providing a secure and seamless shopping experience increases sales. It’s essential that merchants provide customers with the tools to make shopping and buying fast and easy—and Visa Checkout does just that.”

Visa Checkout is an online service from Visa that allows consumers to securely store their shipping and payment information without ever having to re-enter the information when shopping online. With Visa Checkout, consumers can simply enter their username and password, and click a button to complete the purchase.

Visa Checkout is available in 16 countries around the world. These are: Australia, Argentina, Brazil, Canada, Chile, China, Colombia, Hong Kong, Malaysia,Mexico, New Zealand, Peru, Singapore, South Africa, United Arab Emirates, and the United States.