Sunny announced a new collaboration with Visa. Sunny users will now be able to use the Sunny Visa Prepaid Card to spend their health benefits and rewards earned through Sunny's app. Leveraging the reach, capabilities and security of VisaNet, Visa's global payment network, Sunny will deliver a more seamless and flexible experience for users accessing their health plan's benefits.
By tapping into Visa's open-loop network, Sunny enables consumers to use their Sunny Visa Prepaid Card at over 150 million merchant locations worldwide. For eligible health benefit purchases, filtered spend is available at 60,000+ locations nationwide, including Sunny's strategic partner, Costco, which is part of Visa's network. Unlike closed-loop systems that limit users to specific merchants pre-approved by the payer, Sunny's open-loop solution provides freedom of choice.
The Sunny Visa Prepaid Card's open-loop network reduces friction at the point of purchase and reduces declined transactions--a common frustration for both payers and members. This means fewer calls to customer service, less administrative burden for payers, and a better overall experience for consumers. Additionally, a more seamless payment experience leads to higher engagement and retention rates, helping payers build long-term relationships with their members.
With one card and one network, Sunny simplifies benefits access and makes every dollar goes further. This collaboration with Visa follows Sunny's recent announcement of its collaboration with Costco to offer consumers the ability to achieve unmatched savings by using their supplemental benefits at Costco. These efforts reinforce the company's momentum in bringing flexible, consumer-friendly digital health benefits solutions to market.
As Sunny continues to expand its network and partnerships, their goal remains clear: to create an accessible, rewarding healthcare experience for all.
