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News and resources on payments systems, innovations and initiatives worldwide.

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.

4 comments

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

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

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."

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Comments: (4)

Duane Tough pres at PBATM

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

Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions

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

Duane Tough pres at PBATM

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

 

Duane Tough pres at PBATM

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

 

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