According to the press release, the service is currently live in 32 markets, including Germany, Spain, Romania, Poland, Ukraine, and Turkey and has the potential to expand to a total of 178 countries in the future with additions such as the UK, Italy, and Nigeria.
Together, TransferGo and Visa enable customers to send and receive funds through Visa’s real-time push payments platform, Visa Direct. This means that consumers using TransferGo to send or receive funds will benefit from the speed and security of the Visa network when sending or receiving money overseas.
By using this solution, customers can send payments directly to a card without having to navigate online banking or find the International Banking Account Number (IBAN). It’s fast, convenient, and provides customers with greater choice and accessibility in how they move their money.
Furthermore, the announcement comes at a time of growth for TransferGo, with over 2 million users and a USD 10 million investment boost that will enable the business to expand its global footprint and continue to launch new services on its cross-border payments platform.
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