📱Following the trend: Visa partners with Card.com for direct cross-border payments

📱Following the trend: Visa partners with Card.com for direct cross-border payments

Isa has taken a major step in expanding its network beyond traditional cards by simplifying cross-border payments. With this new service, funds sent to U.S. bank accounts 🇺🇸 will be available in just 1 minute.

➡️ Key Fact: In October 2024, Visa reported a 38% increase in Visa Direct transaction volume for Q4, with total transactions reaching nearly 10 billion. Visa currently leads the global cross-border payments market.

➡️ Who is Card.com? — This is a strategic partnership, as Card.com specializes in mobile banking and card payments, with a primary focus on B2B and B2C sectors.

➡️ When Will It Be Available? — Integration is set to begin in April 2025.

➡️ Context: This collaboration reflects the growing activity in the sector, partly driven by the adoption of the ISO 20022 standard as a universal financial language. This is especially significant for businesses involved in international trade and e-commerce. By 2026, it is estimated that 87% of large cross-border payments globally will be processed under this standard.

#news #USA #fintech

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