back to top

Afriex Collaborates with Visa to Facilitate Real-Time Cross-Border Payments to Over 160 Markets

Afriex Collaborates with Visa to Facilitate Real-Time Cross-Border Payments to Over 160 Markets

Date:

Integration with Visa Direct expands Afriex’s global reach, enabling users to send funds in real time to participating Visa endpoints
Afriex, a global fintech platform, is to collaborate with Visa, a world leader in digital payments, to bring real-time cross-border payments to more than 160 markets. By integrating Visa Direct through Afriex’s financial institution partner, Afriex is making it faster and easier for individuals and businesses to send and receive funds across borders.

Together, Afriex and Visa Direct enable real-time delivery[1] of funds directly to eligible Visa endpoints, connecting to billions of accounts. This collaboration enhances Afriex’s mission of making international payments accessible and affordable, while leveraging Visa’s payment network to extend reach and reliability.

“For the millions of families and businesses who depend on remittances, speed and transparency matter most,” said Tope Alabi, CEO at Afriex. “Working with Visa allows us to pair Afriex’s innovation with Visa Direct’s global network, so money moves in real time, not days.”

According to the World Bank, remittances to low- and middle-income countries reached $669 billion in 2023. With Afriex and Visa Direct, these vital funds can reach families, communities, and businesses faster than ever before. This demand underscores the need for faster, more accessible cross-border payment solutions.

The integration is now live on the Afriex platform, available immediately through the Afriex mobile app.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Afreximbank Raises Caribbean Community (CARICOM) Financing Cap to $5 Billion to Accelerate Regional Transformation

Dr. Elombi reaffirmed Afreximbank's commitment to the development of...

Binance Reinforces Industry-Leading Compliance Commitment to Foster a Safer Crypto Ecosystem

Global crypto leader Binance continues to set the standard...

Jigawa Govt. Approves N1.6bn For Dry Season Agriculture Programme

The Jigawa Executive Council has approved N1.6 billion for...

Palmpay Marks IWD With Tech Training for Women

PalmPay, a financial technology company, says it will bridge...