BookMyForex tests international money transfers to Visa debit cards

Now, BookMyForex’s clients can simply enter the Visa debit card number of the recipient abroad to make a cross-border payment, without having to fill in additional details including SWIFT/BIC code, sort code, and others.

Earlier in 2021, the Indian company has introduced a fully online international remittance process that allowed clients to complete their AML (anti-money laundering), KYC (Know Your Customer), and payment in under five minutes. Combined with Visa Direct, tests made by BookMyForex shows that it will take around 30 minutes to complete the transaction, an improvement from former international fund transfers that could take days to show up in the receiver’s account.