The global digital payments giant Visa has expanded
its digital wallet services to enable financial institutions to integrate
virtual corporate cards into employees’ digital wallets. This enhancement is
developed under the firms’ B2B services in partnership with Conferma Pay.
According to Visa, this enhancement on Visa Commercial Pay aims to transform how businesses manage transactions globally.
The new platform incorporates Apple Pay and Google Pay.
Gloria Colgan, the Senior Vice President of Global
Products at Visa Commercial Solutions, mentioned: “Our solutions are
designed to meet the needs of enterprises across the world and in expanding to
the Latin America and Caribbean region. We’re providing these businesses with the
tools to thrive in an increasingly digital business landscape. Alongside our
partners, Conferma Pay, we’re delighted to be taking our enhanced capabilities
to customers globally.”
According to Visa, this expansion of services for financial institutions enhances
convenience and bolsters security and flexibility for corporate users. Visa
Commercial Pay was initiated in 2020 to boost traditional business payment
methods through automation.
Recently, Visa Canada partnered with global
accelerator and the venture capital firm Plug and Play. This collaboration will create a platform that enhances fintech innovation in Canada. According to a
statement issued by Visa, the partnership aligns with the expansion of the
Canadian fintech sector.
Visa Sets Sights on Expanding Fintech Market
The Canadian fintech sector is projected to grow at
an annual growth rate of 25% until 2029. Visa’s collaboration with Plug and
Play is expected to provide fintech companies with access to the scalability
and security based on Visa’s global network.
Additionally, Visa and Transak teamed up last month
to facilitate instant conversions of digital assets into local fiat currencies.
This partnership targets the growing demand for crypto-to-fiat transactions
while overcoming compliance challenges and enhancing liquidity.
Transak’s integration across 350+ Web3 wallets and
platforms ensures widespread accessibility for users worldwide. From MetaMask
to Coinbase Wallet, Transak’s solution simplifies the conversion process,
making crypto-to-fiat capabilities more accessible.
By integrating Visa Direct with Transak’s
infrastructure, users can swiftly convert crypto assets into fiat, improving
liquidity and transaction speed. Additionally, Visa has ventured into the Web3
space by launching Visa Web3 Loyalty Engagement.
The global digital payments giant Visa has expanded
its digital wallet services to enable financial institutions to integrate
virtual corporate cards into employees’ digital wallets. This enhancement is
developed under the firms’ B2B services in partnership with Conferma Pay.
According to Visa, this enhancement on Visa Commercial Pay aims to transform how businesses manage transactions globally.
The new platform incorporates Apple Pay and Google Pay.
Gloria Colgan, the Senior Vice President of Global
Products at Visa Commercial Solutions, mentioned: “Our solutions are
designed to meet the needs of enterprises across the world and in expanding to
the Latin America and Caribbean region. We’re providing these businesses with the
tools to thrive in an increasingly digital business landscape. Alongside our
partners, Conferma Pay, we’re delighted to be taking our enhanced capabilities
to customers globally.”
According to Visa, this expansion of services for financial institutions enhances
convenience and bolsters security and flexibility for corporate users. Visa
Commercial Pay was initiated in 2020 to boost traditional business payment
methods through automation.
Recently, Visa Canada partnered with global
accelerator and the venture capital firm Plug and Play. This collaboration will create a platform that enhances fintech innovation in Canada. According to a
statement issued by Visa, the partnership aligns with the expansion of the
Canadian fintech sector.
Visa Sets Sights on Expanding Fintech Market
The Canadian fintech sector is projected to grow at
an annual growth rate of 25% until 2029. Visa’s collaboration with Plug and
Play is expected to provide fintech companies with access to the scalability
and security based on Visa’s global network.
Additionally, Visa and Transak teamed up last month
to facilitate instant conversions of digital assets into local fiat currencies.
This partnership targets the growing demand for crypto-to-fiat transactions
while overcoming compliance challenges and enhancing liquidity.
Transak’s integration across 350+ Web3 wallets and
platforms ensures widespread accessibility for users worldwide. From MetaMask
to Coinbase Wallet, Transak’s solution simplifies the conversion process,
making crypto-to-fiat capabilities more accessible.
By integrating Visa Direct with Transak’s
infrastructure, users can swiftly convert crypto assets into fiat, improving
liquidity and transaction speed. Additionally, Visa has ventured into the Web3
space by launching Visa Web3 Loyalty Engagement.
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- Source: https://www.financemagnates.com//fintech/payments/visa-expands-digital-wallet-capabilities-targets-institutions-with-corporate-card-support/
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