FAB and Visa partner to expand B2B cross-border payments

By Gloria Methri

Visa has partnered with First Abu Dhabi Bank (FAB) to expand the Visa B2B Connect network in the United Arab Emirates. The collaboration aims to enhance corporate cross-border payments, allowing businesses in the UAE to conduct secure and efficient transactions worldwide.

Visa B2B Connect is a non-card-based multilateral platform designed to provide predictable, secure, and cost-effective cross-border payments for financial institutions and their corporate clients. The platform simplifies international transactions by reducing intermediaries and improving efficiency and transparency.

By leveraging Visa’s technology, FAB looks to enhance its innovative payment offerings and strengthen its transaction banking services in the region. FAB’s extensive market reach and financial expertise, integrating with the Visa B2B Connect network will enhance the capabilities to offer superior payment solutions to corporate clients across the region.

“We are excited to welcome FAB to the Visa B2B Connect network,” said Vishal Virmani, Head of Visa B2B Connect CEMEA at Visa. “This partnership represents a significant step forward in our mission to provide seamless, secure, and efficient payment solutions for businesses. FAB’s market leadership and extensive network will be instrumental in driving the adoption of our platform across the UAE.”

FAB has a global footprint across 20 markets, offering clients a comprehensive range of products that enable regional and international trade. The partnership enhances customer experience and accelerates digital transformation, supporting the UAE in its global integration of businesses.