Visa and Revolut have entered into a strategic partnership aimed at transforming the landscape of cross-border business payments. Leveraging Visa Direct's expansive network, the collaboration promises real-time international transactions for business customers in more than 78 countries and across 50 currencies. This initiative seeks to tackle the persistent challenges associated with international money transfers, offering businesses a faster, more efficient, and cost-effective solution that could significantly enhance their global operations.

Streamlining International Payments

Historically, cross-border payments have been plagued by high fees, slow processing times, and varying country-specific requirements, often complicating international transactions. Businesses have had to navigate complex procedures, including the need for specific banking codes like IBAN and BIC, all while dealing with expensive fees and delays that could stretch for days.

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https://luminarytimes.com/visa-and-revolut-partner-to-revolutionise-cross-border-payments/