Visa partners with TransferWise 

TransferWise plans to continue to collaborate with Visa and scale its offering using Visa Direct

Visa and TransferWise

Visa partners with TransferWise. Source: shutterstock.com

Visa has announced that TransferWise, a global technology company for cross-border payments, will offer its customers an additional capability to move money to debit cards in real-time. The integrated service, initially available in Spain, is also planned to go live in Romania, Hungary, Czech Republic and Bulgaria.

TransferWise’s clients will get a better understanding of their fee structure in advance, providing transparency into the price while sending and receiving money internationally. TransferWise intends to use Visa Direct and scale the offering across Europe and worldwide in 2020.

Technology is bringing us closer together, yet there are still challenges that it hasn’t solved when it comes to individuals and small businesses moving money around the world. The TransferWise collaboration is the latest addition to Visa’s efforts to help our clients enable individuals and small businesses to send and receive international payments quickly and securely by utilizing the power of Visa Direct
Bill Sheley, SVP and Global Head of Visa Direct, Visa

Visa also collaborates with such financial institutions as EMQ, MoneyGram, and Remitly, bringing Visa Direct’s functionality to the global market in over 200 countries.

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