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Visa, Currencycloud partner for cross-border and travel payments

Tuesday 4 June 2019 | 10:26 AM CET

Visa and Currencycloud have announced a partnership to offer cross-border and travel payment solutions.

Visa’s clients and its banking and fintech partners will now have the option to use Currencycloud’s cloud-based payments platform to offer customers in-demand services like multi-currency wallets and real time notifications on foreign exchange transactions.

This partnership will focus on offering solutions that support consumers who pay abroad by using Visa cards. The initial focus of the partnership will involve making Currencycloud’s developer-friendly platform available to enable the pre-purchase of travel currency, or the real time notification of FX rates when a cardholder uses their Visa card overseas.

Earlier in 2019, Mastercard and Visa have both agreed to cut their fees for tourists using their cards in the EU, after a long-running battle with the European Commission.

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