Visa unveils smartphone payment solutions to help small businesses accept and send digital payments

In addition, the company announced enhancements to Visa Direct, enabling small businesses to use their smartphones to make near real-time payments to employees, contractors and suppliers, process customer refunds and send cross-border transfers to eligible cards, bank accounts and digital wallets.

Visa has introduced new capabilities across its Visa Accept and Visa Direct platforms aimed at enabling small businesses in emerging markets to accept and send digital payments using only a smartphone, eliminating the need for additional payment hardware.

Visa said the innovations form part of its broader strategy to make digital payments more accessible for small businesses, particularly in emerging markets where smartphone adoption continues to grow among underserved populations.