Visa Direct partners with Moonrise by Lunar for Nordic expansion

Moonrise offers payment services across Denmark, Sweden, and Norway, backed by challenger bank Lunar’s infrastructure.

The partnership will allow Visa Direct to utilise Moonrise’s payments infrastructure throughout its payments platform, including domestic payment schemes, virtual accounts, pay-ins, and pay-outs through a single API.

Philip Konopik, SVP, head of commercial and money movement solutions, Visa Europe, said: “Access to true local accounts and payment rails is becoming a key differentiator in markets across Europe, and this expands Visa Direct’s collection capabilities.

"The Nordics are a highly advanced but uniquely structured payments market, with local infrastructure and regulatory requirements that can be complex for companies looking to scale across the region. Through Moonrise, Visa Direct is able to combine its global reach with local capabilities, giving our clients the flexibility to operate at scale while maintaining the consistency and resilience of the Visa Direct platform.”

Lunar’s CEO and founder, Ken Villum Klausen, commented: “Visa is building the next generation of global payments infrastructure, and Moonrise is what brings the Nordics into that equation.”

In January, Lunar raised €46 million to scale its expansion across the Nordics.

Visa recently launched a subscription management service for users to manage their subscriptions in-app.