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CBiBank and Visa partner to enhance cross-border B2B payments

By Delisha Fernandes

August 03, 2023

  • B2B payment
  • CB International Bank
  • Digital Financial Inclusion
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VISAVisa, and CB International Bank, has launched a cross-border B2B payments solution for businesses worldwide. The bank has officially joined the Visa B2B Connect platform, bringing a new era of faster, more cost-effective, and more secure B2B payment services.

Visa B2B Connect, the global payments platform, combines the vast resources of a traditional financial institution with the agility of innovative FinTech solutions.

Scott Wu, Executive Director of CBiBank, said, “We are thrilled to join Visa B2B Connect, a platform that addresses the pain points of traditional inter-bank cross-border payments. By transforming the landscape of cross-border transactions, we can deliver faster and easier payment solutions that meet the growing demands of our customers. Our collaboration with Visa B2B Connect enables us to provide enhanced customer convenience, embracing the core values of digital financial inclusion.”

Built upon Visa’s extensive global network and fortified by advanced security technology, Visa B2B Connect empowers businesses to authenticate and manage cross-border B2B payments seamlessly. By offering real-time visibility, expedited payment processing, and robust monitoring capabilities, the platform sets new standards for efficiency, transparency, and security.

“This collaboration between Visa B2B Connect and CB International Bank unlocks unparalleled opportunities for international payments and global e-commerce, revolutionising how businesses engage in cross-border transactions,” said Luis Guerra, Country Manager Visa Puerto Rico. “Visa B2B Connect, the innovative international payment network, is already processing transactions in Puerto Rico, making corporate payments faster, safer and more efficient.”

Both Visa and CBiBank believe the launch benefits businesses worldwide. With an unwavering focus on customer satisfaction, the partnership aims to reshape the future of cross-border B2B payments by offering finality, predictability, and transparency.

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