Financial services giant Visa and revolution We have partnered to provide real-time cross-border trading to Revolut’s corporate clients.
Especially visa Visa Direct Revolut enables corporate customers to start card transfers immediately. Visa launched Visa Direct in 2011 as a real-time payment platform that allows both retail and commercial customers to send money to cards, bank accounts and other endpoints around the world. Customers can use Visa Direct to send person-to-person payments, business payments and cross-border remittances.
“We are delighted that Visa Direct’s global reach, security and reliability will enable Revolut’s business customers to quickly and confidently send money around the world,” said Mark Jamison, SVP of Global Client Affairs, Visa. “This move further strengthens our collaboration with Revolut, allowing us to continue our impressive track record of growth and product differentiation.”
By leveraging Visa Direct, Revolut can now allow its commercial customers to send money across borders in real time. Business customers can send money to recipients in over 78 countries and 50 currencies in less than 30 minutes, with just a card number.
James Gibson, Revolut Business General Manager, said: “We are excited to launch Instant Card Transfers in the UK and EEA, enabling businesses to support major card schemes to easily, instantly and securely pay employees, contractors and customers around the world.”
Originally founded in 2015, Revolut launched its Revolut Business product in July 2017. Today, the commercial banking platform offers businesses a range of financial tools and solutions, including multi-currency accounts, payment processing, treasury management, and expense management, to help businesses manage their finances more efficiently on a global scale.
UK-based Revolut has had a summer full of milestones. In July, the fintech secured a banking license from the UK’s prudential regulator after first applying for one in 2021. Then, earlier this month, Revolut struck a deal with investors and provided liquidity to employees through a secondary share sale, valuing the company at $45 billion.
Photos from Nothing Ahead
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