Visa B2B Connect expands to 32 new countries

Wednesday 25 September 2019 00:37 CET | News

Visa has announced it can connect to 62 markets in the Visa B2B Connect network, with an eye towards 100 countries in 2020.

The also indicates that Infosys is now an integration partner, allowing its existing corporate clients to access the platform through Infosys digital solutions. Visa typically works directly with financial institutions to implement new capabilities, but given the greater strategic focus on non-card global B2B payments flows, a number of partnerships with enterprise fintech solution providers in the broader corporate banking and payments digital space has become a key distribution channel. In this case they are referred to as hub partners.

Previously announced partners included Bottomline Technologies and FIS. Interest on the part of financial institutions is not specifically known, but a number of cross-border payment improvements have been coming to the fore in the past couple of years, and we expect that to continue.

Visa also conducted a survey to determine potential drivers of adoption, and it seems the overall focus on faster payments (not just real-time but generally faster settlement) is a key for banks.

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Keywords: Visa B2B Connect, Visa, expansion, World, B2B payments, Bottomline Technologies, FIS, banking, payments digital space
Countries: World