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Business clients of Visa and Revolut can enhance their cross-border transactions through a new technical solution for international payments known as Instant Card Transfers.
The payment network Visa and the FinTech firm Revolut have formed a partnership to enable corporate clients to conduct cross-border payments with real-time processing. This information is reported by FinTech Magazine, referencing the press release.
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The Instant Card Transfers solution for businesses will facilitate nearly instantaneous transfers to over 78 countries and in 50 currencies. Transactions are anticipated to be completed in under 30 minutes. As stated in the press release, corporate clients will only require a card number to send funds internationally.
Mark Jamison, Senior VP of Global Customer Experience at Visa, noted that the new solution will simplify operations and lessen administrative tasks for a diverse array of businesses operating globally, ranging from startups compensating overseas contractors to travel agencies refunding customers worldwide.
Instant Card Transfers utilizes Visa Direct technology. This same technology is also employed in a collaborative service launched in early 2024 with Transak, which enables residents of 145 countries to convert over 40 cryptocurrencies into fiat currency by withdrawing assets from a cryptocurrency wallet to a bank card.
Сообщение Visa and Revolut Launched Instant Cross-Border Payments for Businesses появились сначала на CoinsPaid Media.
