Visa and Revolut have teamed up to provide instant card transfers for Revolut’s business customers using the Visa Direct system, Pymnts reported. This partnership, announced today (Tuesday), aims to eliminate the delays and complexities associated with international payments.
According to the two companies, the new agreement is an important step in business payments. By integrating Visa Direct into Revolut’s business platform, companies can reportedly transfer funds to over 78 countries in less than 30 minutes. This offering supports more than 50 currencies, making it easier for businesses to operate on a global scale without the usual friction of international transfers.
Additionally, it simplifies the process, requiring only a card number to complete transactions. Whether a startup is paying for services or a travel firm compensates customers for delays, the new service promises faster payments to Revolut Business users.
Visa and Revolut are no strangers to collaboration. Their partnership in 2023 saw the introduction of Visa Direct-powered peer-to-peer payments in approximately 90 countries. They also launched a series of virtual cards tailored for the B2B travel sector earlier this year, further cementing their relationship in the financial technology space.
Expect ongoing updates as this story evolves.