Whillet announced its collaboration with Visa to roll out the Carment Instant Payment Platform in the U.S., enabled by Visa Direct. Visa Direct provides a single point of access to billions of endpoints, helping transform global money movement by facilitating the delivery of funds to eligible cards, bank accounts and wallets around the world. Whillet's Carment Instant Payment Platform uses Visa Direct's real-time payment capabilities and is designed to help make used car sales secure and flexible, ensuring sellers receive funds swiftly after a transaction through an eligible card.
Through this collaboration, Whillet will offer solutions to improve payment processes procedures in the used car market. With Carment's integration into car dealerships' existing Dealer Management Systems (DMS) and round-the-clock payment support, the platform is set to provide value in the automotive sector.