Visa has announced that it will power real-time P2P transfers for the global remittance firm, Remitly, via its Visa Direct platform. Remitly users in the United States can now send funds to eligible Visa debit cardholders across the globe, including Ghana, and these funds would be settled directly into their bank account.
The pair-up, according to Remitly, will simplify the complexity of moving money across borders and eliminate the delays in getting money to receivers. Remitly noted in a release that it intends to use Visa Direct to “unlock more choices for its customers to send cross-border payments in real-time.”
“Our highest priority is to create the best possible money transfer experience for immigrant communities and their families around the world. Our customers have unique money transfer needs including a need for more choices in how they send and receive money,” said Matt Oppenheimer, Remitly CEO and co-founder. “This collaboration with Visa, the world’s leader in digital payments, helps us meet this need with instant scale, security and reach that will help us continue to improve our service.”