Visa has leveraged its acquisition of Currencycloud to launch a new global cross-border money movement service for banks, fintechs, FX brokers, corporates, and other payment institutions.
In brief:
-The new Visa business folds its ‘Treasury-as-a-Service’ operations into Currencycloud's API-based embedded foreign exchange platform.
-It offers a suite of modular building blocks which can be integrated with a company’s existing technology infrastructure.
-APIs are available for a range of capabilities
What does this mean?
Colleen Ostrowski, SVP and general manager, Visa Cross-Border Solutions, says: “Cross-Border offers a huge opportunity for innovation and growth. Until now it’s always been a difficult market to crack due to compliance, regulatory and technological challenges. We’re offering solutions that can overcome those challenges.
