Money transfer company, TransferGo is partnering with Visa to bring real-time international money transfers to consumers’ bank cards. This service is currently live in 32 markets, including Germany, Spain, Romania, Poland, Ukraine and Turkey and has the potential to expand to a total of 178 countries in the future with additions such as the UK, Italy and Nigeria.
The collaboration will enable customers to send and receive funds through Visa’s real-time push payments platform, Visa Direct bringing a more secure way to send or receive funds overseas. By using this solution, customers can send payments directly to a card without having to navigate online banking or find the International Banking Account Number (IBAN). It’s fast, convenient and provides customers with greater choice and accessibility in how they move their money.
“Now more than ever, people have a vital need to access fast, simple and secure ways to move their money across borders to support friends and family overseas,” said Tim Summers, Vice President, Visa Direct, Visa. “We look forward to continuing our ongoing work with TransferGo to make this possible through real-time payments to more consumers across the globe.”
This announcement comes at a time of growth for TransferGo, with over 2 million users and a $10 million investment boost that will enable the business to expand its global footprint and continue to launch new services on its cross-border payments platform. TransferGo also recently hired Edgardo Savoy as Chief Technology Officer and Francesco Fulcoli as Chief Compliance Officer to develop and implement its technology innovation roadmap.
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