RYVYL EU, a subsidiary of RYVYL Inc., has announced its partnership with Visa to enable Visa Direct, a modern transfer solution, for its customers. This collaboration aims to revolutionize fund transfers by providing fast, convenient, and secure transactions. With the integration of Visa Direct, RYVYL’s customers will be able to send money to authorized accounts in over 80 countries across various currencies through Visa’s extensive network of local banking partners.
Through this partnership, RYVYL’s clients will experience faster access to funds, with money becoming available within minutes instead of days. This improved speed is achieved by enabling Visa Direct to transfer money directly and efficiently. RYVYL’s CEO and co-founder, Fredi Nisan, expressed excitement about being selected as one of Visa’s partners in the Eastern European region, citing the long-standing relationship between the two companies and the strategic alignment of their payment solutions.
Sebastian Geldner, Head of Business Development CEE at Visa, highlighted the expansion of their strategic partnership with RYVYL in cross-border payments. The collaboration will optimize RYVYL’s business operations by introducing efficiencies such as cost optimization and better exchange management, ultimately offering an improved value proposition for RYVYL’s clients. Visa Direct is Visa’s digital platform that allows organizations to move money directly to cards, bank accounts, and wallets globally.
The RYVYL EU and Visa partnership is part of RYVYL’s ongoing business transformation and efforts to update its payments infrastructure. By offering cross-border payments services and expanding its offerings across different business lines and payment instruments, RYVYL EU aims to remain at the forefront of the payments industry.
About RYVYL Inc., the company was founded in 2017 in San Diego and is focused on empowering new ways of conducting global business-to-business, consumer-to-business, and peer-to-peer payment transactions. RYVYL leverages blockchain security and USD-pegged stablecoin technology to reinvent the future of financial transactions. The platform offers enhanced security, data privacy, identity theft protection, and rapid settlement speed. With its turnkey financial products and global reach, RYVYL aims to provide a seamless user experience for partners, merchants, and consumers worldwide.