Visa and Global Partners Expand Access to Cross-Border Payments for Consumers and SMBs
Summary
Adding to its current ecosystem of remittance partners around the world, Visa today announced that TransferWise, a global technology company for international payments, will begin offering its customers an additional capability to quickly and securely move money to debit cards in real-time. TransferWise gives customers a clear understanding of their fee structure upfront, providing transparency into the cost associated with sending and receiving money internationally. The combined offering, which will bring together Visa’s existing capabilities and the Earthport network, will give Visa Direct clients the ability to push payments to the majority of the world’s banked population – through a single connection. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce.