Card network · Cross-border · Stablecoin settlement
OVERVIEW
Visa Commercial Solutions partners with financial institutions and fintechs to support businesses of all sizes across a variety of verticals.
FINANCIALS, CAPITAL & VALUATION
Fiscal Q2 2026
Visa's announcement links the official earnings release and Form 8-K; payment-volume and cross-border-volume cards await source-table verification.
PRODUCT & BUSINESS CAPABILITIES
DEVELOPER SURFACE
Visa Direct has official API documentation and Visa officially describes Intelligent Commerce as infrastructure for AI-agent payments.
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Biometric UpdateHandwave / VisaMaterial changeSecondary reportBiometric Update reports that Handwave expanded its Visa agreement to integrate Visa tokenization, authentication and fraud-risk tools so payment cards can be linked to a user's palm biometric. The companies are also working to make Handwave available through the Visa Acceptance Platform. Handwave says it is preparing pilots with banks and retailers in the Baltics and is targeting production deployment within a year.
RS2 Smart Processing and PXP announced a partnership under which RS2's BankWORKS platform will provide end-to-end managed acquiring and card-scheme processing for card-present and card-not-present Visa, Mastercard and Diners Club transactions in Europe.
Digital TransactionsMEXC / Visa / TetherMaterial changeIndependent reportDigital Transactions reports that MEXC launched the MEXC Global Card, a Visa debit product that converts supported crypto balances for card spending and can be added to Apple Pay and Google Pay. The launch includes a promotional rewards structure and company-stated global reach.
CoinDeskDunamu / VisaHigh impactIndependent reportCoinDesk reports that Upbit operator Dunamu and Visa signed a strategic partnership to explore stablecoin-based payments, global remittances, AI-enabled finance and agentic commerce. Dunamu's primary announcement confirms the signed agreement and says the companies will gradually define businesses and deployment under applicable legal and regulatory requirements. A Visa-linked OUSD model has been discussed as one possibility, but Dunamu says the asset and implementation remain undecided.
TechAfrica NewsVisa / Central Bank of Syria / Fransabank Lebanon / PaymeraHigh impactIndependent reportTechAfrica News reports that Visa tested the first live international card transaction in Syria with Fransabank Lebanon as acquirer and Paymera as a technology partner, working with the Central Bank of Syria. Visa and the central bank describe the transaction as a test toward enabling international visitors to use Visa cards in Syria and reconnecting the market with international payment systems.
CoinDeskShinhan Financial Group / VisaHigh impactIndependent reportCoinDesk reports that Shinhan Financial Group agreed to work with Visa on payment services using AI agents and stablecoin infrastructure. The report describes this as the first adoption by a leading South Korean financial group of Visa's enterprise stablecoin technology for a domestic settlement stack.
Glenbrook Payments NewsVisa / Nium / Monetary Authority of SingaporeHigh impactIndependent reportVisa announced that it joined the Monetary Authority of Singapore-led BLOOM initiative, with Nium as Visa's first partner to pilot stablecoin settlement under the program. The companies say the pilot will explore cross-border settlement seven days a week, including weekends and public holidays, while connecting Visa's payment network with regulated U.S.-dollar- and euro-denominated stablecoins.
CoinDeskCoinbase / Cloudflare / MoonPay / Mastercard / VisaMaterial changeIndependent reportCoinDesk reports that Coinbase's x402 protocol had processed more than 165 million payments worth a combined USD 50 million, with Coinbase's AI product head estimating that roughly 99% used USDC. Current demand is concentrated in small machine-to-machine purchases for APIs, data and computing. Cloudflare, MoonPay, Mastercard, Visa and others are developing spending limits, identity and multi-rail controls for agent transactions.
FXC IntelligenceRemitly / Western Union / money transfer providersMaterial changeIndependent reportFXC Intelligence analyses Remitly's Global Card and Western Union's Stablecard as moves to keep remittance customers inside provider wallets after funds arrive. Remitly's card combines fiat and USDC holdings, transfers and spending, while Western Union's product combines a USDPT wallet with Visa acceptance. FXC also notes MoneyGram's MGUSD and Zepz's announced stablecoin-linked Visa cards as part of the same provider strategy.
The PaypersRain / Agentic Payments AllianceHigh impactIndependent reportThe Paypers reports that Rain formed the Agentic Payments Alliance with 26 founding organisations spanning payment networks, processors, stablecoin infrastructure, fraud tools and remittances. The member-governed coalition plans shared research and frameworks, testing of emerging agent-identity and authorisation standards, and engagement on regulatory questions; Rain will also give members early access to its startup programme.
PYMNTSRain / VisaHigh impactIndependent reportPYMNTS reports that Rain CEO Farooq Malik told The Block that more than 100,000 merchants receive stablecoin-funded card payments without needing to know the funding asset. Malik said Rain routes the payments through Visa's network with settlement in about three days, while preserving familiar card refunds, chargebacks and dispute handling for merchants and customers.
The PaypersNium / VisaHigh impactIndependent reportThe Paypers reports that Nium launched domestic card issuance in the United States, extending a platform already used across Asia-Pacific, Europe and the Middle East into North America. U.S. customers can use just-in-time funding and issue single-use, multi-use, physical and virtual credentials; existing international customers can extend their card programmes into the U.S. through the same provider.
PYMNTSKraken / VisaHigh impactIndependent reportPYMNTS reports that Kraken launched its Krak Card for U.S. customers after earlier rollouts in the United Kingdom and European Economic Area. Cardholders can prioritize among more than 600 currencies and digital assets; Krak converts the selected asset into U.S. dollars at checkout for Visa settlement, and offers tiered cashback of up to 2% in dollars or bitcoin. Kraken says more than 135,000 cards have been issued in the U.K. and EEA since December.
RainRain / Agentic Payments AllianceMaterial changeIndependent reportRain announced the Agentic Payments Alliance, a working coalition intended to develop shared research, frameworks and tests around agent identity, authorization and payment controls. Rain says more than 25 organizations have joined; named founding members include Visa, Mastercard, Fiserv, Circle, Solana and Remitly. The alliance will be governed collectively rather than owned by Rain.
CoinDeskVisa / Mastercard / BVNKHigh impactIndependent reportCoinDesk reports that Visa is evaluating a new stablecoin settlement and over-the-counter partner after Mastercard acquired BVNK. Cuy Sheffield, Visa's head of crypto, said the company is considering a provider with cryptocurrency-exchange licenses in the United States, Canada, the United Kingdom and Singapore; no partner was named.
PYMNTSVisaWatchIndependent reportVisa executive Michele Herron tells PYMNTS that joint Visa Acceptance and PYMNTS Intelligence research found AI users recorded 52 digital buying days per month versus 21 for nonusers, while roughly two-thirds of consumers now consider payment preference and acceptance when choosing where to shop, up from 58% two years earlier. The article says only about 15% of merchants have machine-readable catalogs and that agents navigating human-oriented sites can encounter about a 70% failure rate. Visa says it is working on machine-readable catalogs, trusted-agent protocols, tokenization, authentication and transaction signals.
The Kanal reports that India's government introduced proposed legislation that would permit merchant-side fees on UPI and RuPay debit-card transactions by amending Section 10A of the Payment and Settlement Systems Act. Finance Minister Nirmala Sitharaman said any change depends on Parliament passing the bill; the report also links the debate to U.S. trade concerns about the treatment of international card networks and notes that PhonePe and Google Pay handled more than 80% of UPI transactions at the end of 2025.
The PaypersRain / AnsaHigh impactIndependent reportThe Paypers reports that Rain acquired Ansa, whose white-label wallet infrastructure lets merchants create prefunded dollar balances, rewards and mobile-wallet experiences. Rain plans to combine those balances with its Visa and Mastercard issuing platform so value can be used beyond the originating merchant, and links the acquisition to future scoped spending for AI agents; no product timeline was given.
East & PartnersFederal Reserve / Wise / Visa / Stripe / FinastraMaterial changeSecondary reportEast & Partners reports that Wise, Visa, Stripe, Finastra and industry groups support a Federal Reserve proposal that would let U.S. banks use FedNow to transfer funds through an intermediary or non-U.S. correspondent bank. FedNow currently supports domestic payments between U.S. banks and credit unions; the article says the network has about 1,800 participating institutions and highlights its 24/7/365 availability.
PYMNTSThredd / Cashi / VisaMaterial changeIndependent reportPYMNTS reports that Thredd will provide issuer-processing infrastructure for Cashi's stablecoin-funded Visa card, launching first in Hong Kong with Mexico planned next. Users can hold and transfer digital assets and spend against those balances through an existing Visa credential while merchants continue receiving conventional card payments.
PYMNTSThredd / Cashi / VisaMaterial changeIndependent reportPYMNTS reports that Cashi launched a Thredd-processed virtual Visa card in Hong Kong on August 11, letting users spend digital assets through the existing card network and add the card to Google Pay. Cashi plans a Mexico rollout in the second half of 2026 with physical cards and Apple Pay support; those Mexico capabilities are planned, not yet live.
TechInformedDr. Martens / CloudflareMaterial changeIndependent reportTechInformed reports that Dr. Martens is preparing for AI agents to discover products and complete purchases while its security team evaluates agent authentication, fraud detection and compromise risk. The article links that operator problem to Cloudflare Web Bot Auth, Visa Trusted Agent Protocol and Mastercard Agent Pay, and notes that Stripe said its Agentic Commerce Protocol had more than 25 ecosystem partners by January 2026.
The Payperszerohash / VisaHigh impactIndependent reportThe Paypers reports that zerohash and Visa partnered to let eligible Visa Direct clients prefund accounts and fund payouts with stablecoins, while recipients continue to receive local currency. zerohash supplies the regulatory and technical infrastructure across dozens of blockchains and stablecoins; Visa says Visa Direct reaches more than 18 billion card, account and wallet endpoints in over 195 countries and territories.
The PaypersAbay Bank / VisaMaterial changeIndependent reportThe Paypers reports that Abay Bank launched an international Visa prepaid card for customers in Ethiopia. The article links the product to recent financial reforms and to the country's longstanding foreign-currency constraints; Visa's Ethiopia and East Africa executive said the partnership is intended to expand access to international payments.
Digital TransactionsBercor / Acclaim / BMI CompaniesMaterial changeIndependent reportDigital Transactions' August 7 brief reports two cross-border launches: Bercor introduced Bercor Pay, a U.S.-dollar Visa card for international payments that can be loaded into Apple Pay and Google Pay; and BMI Companies began using Acclaim to make international insurance-claim payments in more than 35 countries, replacing SWIFT wire transfers. The same brief also covers several unrelated domestic payment-company updates.