DeeMoney and Visa Partner to Revolutionize International Payments
• Ripple partner DeeMoney has entered a partnership with Visa to fully integrate Visa Direct into its global payment platform
• This will allow users to send money globally with lightning speed and using Visa’s security and presence in over 170 countries
• The chief executive officer of DeeMoney, Aswin Phlaphongphanich, explains the value that Visa offers with its time-saving attribute of real-time payments 24/7
Ripple partner DeeMoney recently announced a partnership with Visa, a global payment solution present in over 170 countries and enabling over 160 currencies. This partnership will enable users to send money globally with lightning speed and using Visa’s security and presence in over 170 countries.
The integration of Visa Direct into DeeMoney’s global payment platform will only require the Visa details of the recipient to send money with the time-saving attribute of real-time payments 24/7, including weekends and holidays. This is unlike the days involved with traditional cross-border payment solutions.
The chief executive officer of DeeMoney, Aswin Phlaphongphanich, commented on the value that Visa offers. He stated that Visa’s speed and security make it ideal for real-time payments. He said “This partnership allows our customers to send funds directly to their friends‘ or family’s debit card accounts in real-time to more than 170 countries in over 160 transaction currencies. It also enables real-time payments 24/7, including weekends and holidays, which are not feasible with traditional bank.”
This partnership between Visa and DeeMoney rides on the back of its earlier partnership with Ripple, a company providing cross-border payments and remittances. This partnership was intended to provide users a more efficient and cost-effective way to send money across borders.
The partnership between DeeMoney and Visa is set to revolutionize international payments and make it easier, faster and cheaper for people to send money to their friends and family. This is especially important in markets such as Thailand and Australia, where there is a large demand for international payments. With the integration of Visa Direct, DeeMoney is set to conquer billion-dollar markets in these countries.