Visa has collaborated with Revolut to enable Instant Card Transfers for Revolut Business customers.
International transfers for businesses have traditionally come with a list of requirements that can differ per country, from expensive transfer fees and a time lag of several days to the need for specific information such as IBAN and BIC. Powered by Visa Direct, Revolut Business customers can now access Instant Card Transfers, sending money across the globe in real-time and securely. according to Yahoo Finance.
From a startup paying for a contractor’s services to a travel firm paying customer delay compensation, Revolut Business customers now only require a card number for transactions. The payment then arrives in the recipient’s account within 30 minutes or less. This cost-effective and unique solution for Revolut Business customers is available in over 78 countries and supports over 50 currencies.
This global agreement follows Revolut and Visa’s collaboration to offer card transfers powered by Visa Direct for peer-to-peer payments to 90 countries in the world in 2023 and the launch of Visa virtual cards for businesses focused on the B2B travel sector in 2024.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
