Visa Expands Global Reach Of Checkout With New Banks, Merchants

Visa Inc. on Monday said it will expand its global reach by adding new merchants and issuers to Visa Checkout, which allows customers to pay with their cards online on any device. Visa added new banks such as China Merchants Bank and Shanghai Pudong Development Bank in China and Emirates Islamic Bank and Mashreq in United Arab Emirates, among others, to its collection of issuers. Visa signed new merchant partners in the U.S., Australia, Canada and Columbia such as Best Buy and Barnes & Noble (College) in the U.S and the Heart and Stroke Foundation in Canada. Visa said it will begin several global co-marketing campaigns with merchants this fall. Visa Checkout is available in 16 countries and boasts more than six million registered users since launching a year ago, according to a news release. Shares of Visa are up 8.6% in the year to date, while the S&P has dropped 4%.