Remitly Partners with Visa to Enhance Cross-Border Money Transfer Service

Visa Direct offers Remitly customers the choice to send cross-border payments to recipients’ eligible Visa cards

Remitly has announced an agreement to further modernize the sending and receiving of funds internationally by adding another fast, secure and transparent channel to the Remitly digital money transfer platform through Visa Direct, Visa’s real-time push payments platform. Working together, Remitly and Visa plan to provide the ability to send funds from the United States to eligible Visa debit cards across borders, with the goal to expand access to other sending markets worldwide.

Transferring money across borders can be met with operational, process, and funding delays that can greatly impact the recipient. Remitly will use Visa Direct to unlock more choices for its customers to send cross-border payments in real-time to eligible Visa debit cards in multiple countries around the world.

“Our highest priority is to create the best possible money transfer experience for immigrant communities and their families around the world. Our customers have unique money transfer needs including a need for more choices in how they send and receive money,” said Matt Oppenheimer, Remitly CEO and Co-Founder. “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.”

Fueled by big data, Remitly uses 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. This allows customers to track their transfer to know exactly when and where their money will arrive. Remitly plans to use Visa Direct to give its customers the ability to send payments to eligible Visa cards in real time.

“Our new relationship with Remitly underscores Visa Direct’s ability and commitment in enabling the freedom to securely send money around the world,” said Bill Sheley, Global Head of Visa Direct, Visa. “This collaboration extends Visa’s ability to deliver faster payments to customers, regardless of borders or location.”