Visa and Currencycloud have launched a new cross-border payments solution for banks, fintechs, FX brokers, corporates, and other payment institutions.

The Visa Cross-Border Solutions combines its cross-border and cash management capabilities, previously known as ‘Treasury-as-a-Service’, with solutions enabled by its acquisition of Currencycloud.

It offers a suite of modular building blocks which can be easily integrated with a company’s existing technology infrastructure.

Colleen Ostrowski, Senior Vice President and General Manager Visa Cross-Border Solutions said,

“Cross-border offers a huge opportunity for innovation and growth. Until now it’s always been a difficult market to crack due to compliance, regulatory and technological challenges. We’re offering solutions that can overcome those challenges.

We help with the regulatory burden while providing solutions that are flexible and easy to integrate. Our clients can then quickly ramp up to revenue generation and start seeing a return on their investment, and their end-user experience receives a massive uplift.”

Aleks Stefanovski, Vice President Strategy and Business Operations, Visa Cross-Border Solutions said,

“In launching Visa Cross-Border Solutions, our focus has been on bringing out the best of Visa and Currencycloud: blending reliability, security, and innovation. It’s the scale of Visa with the agility of Currencycloud.

Most importantly, we’ve been laser-focused on building a suite of tools that are suitable for the kinds of companies we work with – all of which are held to high standards on compliance, security and customer experience.”

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• Source: https://fintechnews.sg/78176/payments/visa-and-currencycloud-launch-new-cross-border-payments-solution/