„By using this solution, customers can send payments directly to a card without having to navigate online banking or find the International Banking Account Number (IBAN),” according to the press release.
TransferGo partners with Visa to bring real-time international money transfers to consumers’ bank cards.This service is currently live in 32 markets, including Germany, Spain, Romania, Poland, Ukraine and Turkey and has the potential to expand to a total of 178 countries in the future with additions such as the UK, Italy and Nigeria.
Together, TransferGo and Visa enable customers to send and receive funds through Visa’s real-time push payments platform, Visa Direct. This means that consumers using TransferGo to send or receive funds will benefit from the speed and security of the Visa network when sending or receiving money overseas.
Commenting on the partnership, Daumantas Dvilinskas, CEO and Co-Founder of TransferGo, said: “We are committed to a constant cycle of innovation, meaning our customers and their needs are at the heart of everything we do (…) As the service continues to grow, customers could see availability expand further into Africa, Southeast Asia and the Commonwealth of Independent States.”
This announcement comes at a time of growth for TransferGo, with over 2 million users and a $10 million investment boost that will enable the business to expand its global footprint and continue to launch new services on its cross-border payments platform.
Source: finextra.com
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:
