Visa Direct is partnering with Thunes, the B2B payments platform, to help individuals and small businesses move money across 44 countries and territories.
The partnership will reportedly expand Visa Direct’s reach to nearly seven billion endpoints, including more than three billion cards, over two billion accounts and over one billion digital wallets.
Thunes’ B2B payments platform will connect to Visa Direct, adding a cross-border send-to-wallet capability to 78 digital wallet providers that are already integrated with Thunes.
Through an integration of Visa Direct, financial institutions, governments, neobanks and money transfer operators will be able to utilise the new functionality to enable consumers and small businesses to send funds to markets across Africa, Asia, and Latin America where wallets may be the go-to payment method.
“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. “We are thrilled to collaborate with Thunes and help enable quick and simple access to the financial system to more customers around the world who may use digital wallets as their primary financial instrument.”
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