Visa and Currencycloud Target Cross-border and Travel Payments
Visa and Currencycloud have announced a partnership designed to drive further innovation in cross-border and travel payments. The overall agreement is aligned with Visa’s broader mission to help people make secure and seamless digital payments, both at home and while travelling.
Visa’s clients, banking, and fintech partners will now have the option to use Currencycloud’s cloud-based payments platform to offer customers in-demand services such as multi-currency wallets and real-time notifications on foreign exchange transactions. Visa’s account holders will be able to better manage their travel abroad through improved visibility and control of their money.
The initial focus of the partnership will involve making Currencycloud’s platform available to enable the pre-purchase of travel currency, or the real-time notification of FX rates when a cardholder uses their Visa card overseas.