Visa Inc. (NYSE:V) has announced that its Visa B2B Connect network has doubled its reach — from 30 global trade corridors at launch in June 2019, to 62, with the goal to expand to over 100 countries in 2020, the company said.
In addition, Infosys, a global provider of next-generation digital services and consulting, is integrating with the Visa B2B Connect network to bring Visa B2B Connect platform access to their participating financial institutions worldwide.
Through this new connection, participating financial institutions worldwide can take advantage of the ability to quickly and securely process corporate cross-border payments globally through Visa B2B Connect.1
In addition to Visa´s new collaboration with Infosys, participating clients can also connect to Visa B2B Connect through Bottomline and FIS, Visa´s previously announced hub partners.
Participating clients can now connect to Visa B2B Connect via Bottomline´s Universal Aggregator. Joint customers can take advantage of Bottomline´s modern API connectivity to effortlessly access Visa B2B Connect, and begin transacting through their existing Bottomline connections, minimizing technology adjustments.
According to a recent survey commissioned by Visa2, almost six-in-ten respondents (59%) expect overall revenues from cross-border payments to increase in the next five years as a result of faster payments. Nearly a quarter of respondents (24%) expect to see faster payments drive up revenues by as much as 25%.
Visa is the world´s provider of digital payments. Its mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. For more information, visit About Visa, visa.com/blog and @VisaNews.