Visa has revealed that Visa Checkout is now available for customers of the largest airline in Canada, Air Canada. Using Visa Checkout, customers of the airline will now be able to save precious time that would otherwise be spent entering billing and payment information.
Currently, Visa Checkout is available on the URL aircanada.com when browsing on a desktop or laptop computer as well as on mobile device browsers. In 2018 Visa Checkout will be made available on the mobile app of Air Canada.
Across the globe the number of Visa Checkout enrolled accounts is 22 million. This payments solution from Visa offers consumers convenience as they are able to pay with a couple of clicks. With Visa Checkout, the only information they are required to fill out is payment and shipping details.
The partnership between Air Canada and Visa now allows customers of Air Canada Vacations and Air Canada to pay for their tickets in a simpler way or upgrade their seats.
“At Air Canada, we are focused on making our customers’ purchasing experience as convenient as possible. Integrating Visa Checkout as a payment option for both Air Canada and Air Canada Vacations offers our customers a quick, secure and easy checkout experience,” said Air Canada’s Global Sales vice president, Duncan Bureau.
Besides Canada, Visa Checkout is now available in 23 markets. Initially, the service was launched in North America and Australia in July 2014 but has since then spread to the United Kingdom, Brazil, Argentina, China, Chile, France, Colombia, Hong Kong, Ireland, India, Malaysia, New Zealand, Mexico, Singapore, Peru, South Africa, Poland, Spain, and the United Arab Emirates.
The development coincides with the price target of Visa Inc being raised by Deutsche Bank. This resulted in the stock of the largest payments network in the world appreciating. The price target of Visa was increased from $103 to $122 by Deutsche on the basis that push payments will benefit the firm.
With push payments are made faster since they are sent to the account of the vendor directly and in real time. This is different from the regular pull method of making payments where details such as the card number are required. According to Deutsche Bank, push payments are expected to contribute approximately 5% to Visa’s revenue growth in the next half a decade.
India’s demonetization efforts as well as Europe’s PSD2 were also cited as likely to contribute to improved prospects for the payments network.