Afriex taps Visa to power real time cross-border payments

By Vriti Gothi

Afriex has partnered with Visa to enable real-time cross-border transfers across more than 160 markets. By integrating Visa Direct through Afriex’s financial institution partner, this initiative strengthens Afriex’s capability to deliver instant, secure, and cost-efficient international transactions for individuals and businesses worldwide.

The integration empowers Afriex users to send funds in real time directly to eligible Visa accounts, connecting to billions of endpoints across the globe. This collaboration reflects Afriex’s ongoing commitment to simplifying international payments through advanced financial technology, while leveraging Visa’s global network to provide a faster, more transparent, and reliable remittance experience.

“For the millions of families and businesses who depend on remittances, speed and transparency matter most,” said Tope Alabi, CEO at Afriex. “Working with Visa allows us to pair Afriex’s innovation with Visa Direct’s global network, so money moves in real time, not days.”

Cross-border remittances play an increasingly vital role in supporting financial inclusion and global economic stability. According to the World Bank (2024), remittances to low- and middle-income countries reached $669 billion in 2023, underscoring their significance in driving household welfare, education, and community development. By enabling faster and more affordable money transfers, Afriex and Visa Direct are addressing a critical need in emerging markets where access to efficient financial services remains essential for economic resilience and growth.

With this integration, Afriex is advancing its vision of making international payments accessible and affordable to everyone, irrespective of geography. The platform’s technology-driven approach ensures that users benefit from seamless currency transfers, reduced transaction costs, and enhanced transparency all while maintaining robust compliance and security standards.

The Visa Direct integration is now live on the Afriex platform and available immediately through the Afriex mobile application, marking a significant step forward in redefining how people and businesses connect financially across borders.