Visa & Paysend Ignite USA-Latin America Corridor With New Five-Year Money Transfer Deal
Portfolio Pulse from Nabaparna Bhattacharya
Visa Inc. has signed a five-year partnership with UK-based payment platform Paysend for international money transfers through Visa Direct. The deal will allow Paysend's customers to send money in real-time to eligible Visa cards across 170 countries. The partnership will focus on promoting speedy payments to Visa cards, particularly from the USA to Latin America. This builds on Paysend's existing relationship with Currencycloud, part of Visa Cross-Border Solutions.
September 14, 2023 | 2:47 pm
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NEUTRAL IMPACT
Visa's new partnership with Paysend could potentially increase its transaction volume and revenue. However, the company's shares are currently trading lower.
The partnership with Paysend could potentially increase Visa's transaction volume and revenue by enabling real-time international money transfers. However, the impact on the company's stock price is uncertain as the shares are currently trading lower. The news is highly relevant as it directly involves Visa and could significantly affect its business operations.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100