Visa Teams With ACE Money Transfer on Cross-Border Payments

U.K.-based remittance provider ACE Money Transfer has launched a cross-border payments partnership with Visa.

The collaboration will see the companies promote account funding transactions to support faster and more seamless money transfers, ACE said in a Monday (July 13) news release. The combination of ACE Money Transfer’s expertise in global remittances with Visa’s payments network is designed to support a more secure and convenient digital payments experience for people sending money to friends and family around the world, the release added.

The collaboration aims to support secure digital payment experiences while creating greater convenience for customers sending money to family and friends around the world.

“Visa’s AFT capability strengthens the infrastructure underpinning every card-funded transfer on our platform. This is about building a payments stack that performs for our customers, and for the corridors we serve.” said Rehan Ashraf , head of payments and banking infrastructure at ACE Money Transfer. “Our collaboration with Visa represents an important step in strengthening our payment capabilities,” he added. “By working closely with Visa to support account funding transactions, we are enhancing the way customers fund their transfers while continuing to invest in secure, reliable and efficient payment experiences.” Olga Ovchinnikova , vice president, head of Visa Direct Europe, said the partnership...