: Visa to help SMBs digitally send money across 44 countries in collaboration with Thunes #finance #StockMarketNEWS Visa to help SMBs digitally send money across 44 countries in collaboration with Thunes

Visa to help SMBs digitally send money across 44 countries in collaboration with Thunes #finance #StockMarketNEWS
Visa to help SMBs digitally send money across 44 countries in collaboration with Thunes New Delhi, Oct 21 (KNN) Visa has partnered with Singapore-headquartered cross-border payments company Thunes to enable small business in emerging markets transfer money digitally to 44 countries.

According to the digital payments company the affiliation will allow moving money internationally to 78 digital wallet providers, reaching 1.5 billion digital wallets across 44 countries and territories.

The integration with Thunes’ B2B payments platform will expand Visa Direct’s (direct payment service to a Visa card) reach to nearly 7 billion endpoints including more than 3 billion cards and over 2 billion accounts.

“From an agricultural worker in Bangladesh to a young professional in London who is looking to send money to family overseas, Visa strives to create more ways for individuals and SMBs to participate in the global economy,” said Ruben Salazar Genovez, Global Head of Visa Direct in a statement.

It would allow consumers and small businesses to send funds to markets across Africa, Asia, and Latin America where wallets may be the go-to payment method.

This will happen through a simple integration of Visa Direct, financial institutions, governments, neobanks and money transfer operators. (KNN Bureau)

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