/Payments

Fintech News for Payments professionals
Remitly taps Visa to let users send cross-border payments to debit cards

Remitly taps Visa to let users send cross-border payments to debit cards

US mobile money transfer outfit Remitly has teamed up with Visa to let Americans send funds to debit cards across borders.

The new offering sees Remitly tap into the Visa Direct realtime push payments platform to make transferring money across borders faster and simpler.

Remitly plans to use Visa Direct to give its customers the ability to send payments to eligible Visa cards in real time. Eventually, it plans to add other sending markets.

Matt Oppenheimer, CEO, Remitly, says: "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."

Comments: (4)

Duane Tough
Duane Tough - PBATM - ny 28 March, 2019, 15:50Be the first to give this comment the thumbs up 0 likes

The key statement there is 'eligable'; as there is not that many eligable cards out there from the issuers....

Ketharaman Swaminathan
Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune 28 March, 2019, 16:54Be the first to give this comment the thumbs up 0 likes

Are debit cards on business accounts eligible? Or only those linked to personal accounts?

Duane Tough
Duane Tough - PBATM - ny 28 March, 2019, 16:57Be the first to give this comment the thumbs up 0 likes

Up to the issuer on BIN acceptance. There are some Visa Business DDA cards that will work with Visa Direct....

 

Duane Tough
Duane Tough - PBATM - ny 28 March, 2019, 16:58Be the first to give this comment the thumbs up 0 likes

Ask your FI if they do or are going to participate....

 

Visit onespan.com
Find out more

Trending Stories

Featured Job
All Jobs »
London, UK

Sales Director, Private Equity Solutions (London, UK)

Competitive base, double ote, benefits, stock options

22 Jul