Remitly, a US-based money mover, and Visa, the global payment giant, have decided to extend their existing payments partnership for five more years. The renewed collaboration aims to streamline global money movement and to make the process as painless and simple as possible.

Visa Direct Integration

The two companies will leverage the power of Visa Direct to shake up the remittance market. Now, Remitly customers in over 15 countries, from the US, Canada, the UK, and Australia, can effortlessly send funds directly to family or friends' Visa debit cards and bank accounts in a whopping 100+ jurisdictions worldwide. Users will be able to send funds around the world in order to give gifts, make payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term and help out in emergencies. Remitly, as the name suggests, largely targets international migrant workers.

🕺 Sending money to your loved ones is more than a transaction, it’s being there for them.

When you send money home with Remitly, your loved ones receive it in convenient ways. You can enjoy peace of mind while they do their happy dance. pic.twitter.com/xKR0zNIUia

— Remitly 🌎 (@remitly) November 25, 2023

Elevating the Customer Experience

Remitly and Visa aren't just stopping at making the money move; they're making sure users stay in the loop. With the Remitly app, customers can monitor their transfers with the precision of a GPS tracker. Transparency, thy name is Remitly.

Visa is well aware of the millions relying on remittances, and they're moving to dominate the market. Their deal with Remitly will enhance digital payment experiences and pave the way for financial inclusion. Through this partnership, Visa Direct aims to foster new opportunities and simplify the lives of migrant workers supporting their families across borders.

Remitly's Partnerships Galore

Remitly isn't a stranger to shaking hands and making deals. Just recently, they joined forces with Mastercard - but then they'll partner with anyone - expanding access to cross-border payments Cross-Border Payments Cross-border payments refer to transactions involving individuals, companies, banks or settlement institutions operating in at least two different countries.The concept of cross-border payment is not new however, despite its rise in importance in the 21st century.New technology and the growth of blockchain has brought the term cross-border payment into our daily conversations.Cross-border payments are an essential term that refers to any transaction involving private individuals’ companies, bank Cross-border payments refer to transactions involving individuals, companies, banks or settlement institutions operating in at least two different countries.The concept of cross-border payment is not new however, despite its rise in importance in the 21st century.New technology and the growth of blockchain has brought the term cross-border payment into our daily conversations.Cross-border payments are an essential term that refers to any transaction involving private individuals’ companies, bank Read this Term and remittances for US-based clients. The integration of Mastercard's Send and Cross-Border Services adds more flavors to Remitly's already robust offering.

In August of this year, Remitly partnered with GLN International to make cross-border remittances to Korean bank accounts a piece of cake.

Remitly has also collaborated with Lebanon's Purpl. By slashing costs and democratizing the process, they're ensuring that sending money to Lebanon is not just a transaction, but a positive force for financial inclusion.

In a world where money talks, Remitly and Visa are ensuring it speaks every language, connecting families, friends, and opportunities globally. It's not just a partnership; it's a promise to simplify and elevate the way we move money across borders.