News

Visa, Remitly partner on cross-border remittances

March 28, 2019

Independent digital remittance company Remitly has announced an agreement with Visa that will enable the Remitly digital money transfer platform on the Visa Direct real-time push payments platform. 

Together, Remitly and Visa plan to enable remittances from senders in the United States to eligible Visa debit cards across borders, with the goal of expanding access to other sending markets worldwide.

"Our highest priority is to create the best possible money transfer experience for immigrant communities and their families around the world," Remitly CEO and co-founder Matt Oppenheimer said in the release. "Our customers have unique money transfer needs including a need for more choices in how they send and receive money. This collaboration with Visa, the world's leader in digital payments, helps us meet this need with instant scale, security and reach that will help us continue to improve our service."

Remitly uses big data in conjunction with mobile technology, machine learning, and direct integrations with partner banks and cash pickup locations to calculate a specific date and time recipients can expect their money to arrive. Remitly plans to use Visa Direct to give its customers the ability to send payments to eligible Visa cards in real time, according to the release.