Standard Chartered expand cross-border payment capabilities with Visa Direct
Standard Chartered has deepened its collaboration with Visa by integrating with Visa Direct to enhance cross-border, low-value global disbursements with greater speed, transparency, and cost efficiency.
0
External
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
The integration enables the Bank to route payments directly to beneficiary bank accounts through local low-value payment systems such as domestic ACH and instant payment rails. The service currently supports multiple currencies, with plans to expand further in the near future.
The expansion complements Standard Chartered’s broader cross-border Instant Payments future product roadmap.
By leveraging Visa Direct’s extensive network, Standard Chartered continues to strengthen its SC PrismFX and low-value global disbursements proposition, providing clients with fast, reliable and predictable cross-border payment solutions across markets.