Webull (Nasdaq: BULL), an online investment platform, has announced a partnership with Visa to integrate Visa Direct into its US operations. The integration applies to the Webull US platform.

Meanwhile, Webull is expanding its offering to include binary event contracts through a partnership with Kalshi, a CFTC-regulated prediction market exchange. The move comes as regulators examine similar products offered by other firms, including Robinhood.

Webull Adds Real-Time Transfer Option

"We are proud to work with Visa and its expansive network to enhance opportunities within financial markets,” said Anthony Denier, Group President and US CEO of Webull.

Visa Direct is a real-time payment service that supports the transfer of money to eligible cards, bank accounts, and digital wallets. It is now available to Webull users in the United States.

The feature enables faster transfers between Webull brokerage accounts and external bank accounts. Webull said Visa Direct allows near-instant movement of funds, while traditional methods like Automated Clearing House (ACH) may take several days.

“There are several exciting uses for this new capability, which will allow us to integrate technology into traditional financial services in ways that better serve Webull's customers," Denier added.

As part of the rollout, Webull has introduced a “Deposit” feature. The company said it offers quicker access to funds and may reduce delays in starting trades. Webull and Visa did not disclose the terms of the agreement.

Source: Finance Magnates