10:08 AM EDT, 05/16/2024 (MT Newswires) -- Visa (V) entered into an agreement with SKUx, a digital instant payments provider, to improve digital transformation for select merchants and consumer goods companies that use the latter's payment-based offer solutions, SKUx said Thursday.

Financial details weren't disclosed.

The collaboration is also expected to let Visa clients engage directly with SKUx, boosting value in business-to-business and business-to-consumer payments for merchants and manufacturers, SKUx said.

Shares of Visa were down 0.1% in recent Thursday trading.

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