Viva.com unveils two new features to simplify payments in Europe

By Gloria Methri

European neobank Viva.com has launched two new product features designed to simplify business operations across the continent.

The first new feature, Real-Time Settlement offers the Viva.com merchant community with near-instant access to their funds. Transactions are now settled in up to 60 minutes, compared to the previous next-day settlement scheme.

The second new feature, Offline Payments, has been developed to ensure that Viva.com merchants can minimise the chances of losing sales due to network connectivity issues or disruptions. Offline Payments allows for card-present transactions to be accepted automatically, even when a merchant cannot connect to a network at the point of sale.

Kostas Xiradakis, VP Product and Growth at Viva.com said, “The last thing a business wants is to be waiting for funds to come through on a sale that’s already been completed, or worse yet, missing out on a sale due to network connectivity issues. With Real-Time Settlement and Offline Payments, those issues are a thing of the past. Near-instant payments, 0% transaction fee options and the possibility to complete sales under even the most challenging connectivity conditions are in-house-created features specifically designed to support our merchants, no matter their size or location.”

Viva.com’s payment solutions are designed to help businesses of all sizes with innovative tools to streamline operations and boost sales. The viva.com Terminal app transforms smart devices into card terminals, while the viva.com Smart Checkout payment gateway increases conversion rates by up to 21%; both featuring over 30 payment methods.

These new features will be initially activated for businesses that hold a viva.com Account, optimising cash flow and expenses management. Real-Time Settlement and Offline Payments are the latest additions to Viva.com’s suite of products for merchants, including the business debit card to manage, automate, and monitor corporate expenses, while decreasing transaction fees to as low as 0%.