Remitly has extended its collaboration with Visa for another five years as both parties aim to streamline global money movement across more than 100 jurisdictions.
Remitly customers in countries such as the UK, the US, Canada and Australia will be able to connect to the company’s integration of Visa Direct, allowing them to send money directly to people with eligible visa debit cards and bank accounts across more than 100 different countries.
Falling in line with Remitly’s ambition to deliver “peace of mind” customers can also track their transfers through the Remitly app for greater assurance.
Matt Oppenheimer, CEO of Remitly, commented: “At Remitly, we’re dedicated to providing our customers with a more seamless and trusted cross-border money transfer experience.
“To further enhance Remitly’s proprietary network which includes approximately four billion bank accounts, 1.2 billion mobile wallets, and 460 thousand cash pickup locations, we are pleased to expand our long-standing collaboration with Visa so we can continue serving customers with faster payment options that help more money make it home.
To tap into the Visa Direct Remitly money transfer solution, users have been guided to enter the recipient’s name and 16-digit Visa debit card number into the Remitly app.
By doing this, customers will be able to make quick and secure payments internationally, whether it be to loved ones or for other personal reasons.
Visa Direct enables a single point of access to reach up to 8.5 billion endpoint capabilities, aiming to “transform” global money movement by delivering funds to three billion eligible debit and credit cards.
“With millions of migrant workers relying on remittances to send financial support to family and friends overseas, there’s an ever-increasing need to improve digital payment experiences and solutions to help remove barriers,” added Ruben Salazar, Global Head of Visa Direct.
“Our expanded collaboration with Remitly will enhance cross-border money movement and help foster new opportunities for financial inclusion through the innovative payment capabilities offered through Visa Direct.”