Visa and Revolut have teamed up to provide instant
card transfers for Revolut’s business customers using the Visa Direct system,
Pymnts reported. This partnership, announced today (Tuesday), aims to eliminate
the delays and complexities associated with international payments.
Enhancing Cross-Border Payments
According to the two companies, the new agreement is
an important step in business payments. By integrating Visa Direct into
Revolut’s business platform, companies can reportedly transfer funds to over 78
countries in less than 30 minutes.
This offering supports more than 50 currencies, making
it easier for businesses to operate on a global scale without the usual
friction of international transfers.
Additionally, it simplifies the process, requiring
only a card number to complete transactions. Whether a startup is paying for services or a travel firm compensates customers for delays, the new service promises faster payments to Revolut Business users.
Visa and Revolut are no strangers to collaboration.
Their partnership in 2023 saw the introduction of Visa Direct-powered
peer-to-peer payments in approximately 90 countries. They also launched a
series of virtual cards tailored for the B2B travel sector earlier this year,
further cementing their relationship in the financial technology space.
Expect ongoing updates as this story evolves.
Visa and Revolut have teamed up to provide instant
card transfers for Revolut’s business customers using the Visa Direct system,
Pymnts reported. This partnership, announced today (Tuesday), aims to eliminate
the delays and complexities associated with international payments.
Enhancing Cross-Border Payments
According to the two companies, the new agreement is
an important step in business payments. By integrating Visa Direct into
Revolut’s business platform, companies can reportedly transfer funds to over 78
countries in less than 30 minutes.
This offering supports more than 50 currencies, making
it easier for businesses to operate on a global scale without the usual
friction of international transfers.
Additionally, it simplifies the process, requiring
only a card number to complete transactions. Whether a startup is paying for services or a travel firm compensates customers for delays, the new service promises faster payments to Revolut Business users.
Visa and Revolut are no strangers to collaboration.
Their partnership in 2023 saw the introduction of Visa Direct-powered
peer-to-peer payments in approximately 90 countries. They also launched a
series of virtual cards tailored for the B2B travel sector earlier this year,
further cementing their relationship in the financial technology space.
Expect ongoing updates as this story evolves.
This post is originally published on FINANCEMAGNATES.
