TransferGo partners with Visa to boost real-time transfers

By Megha Bhattacharya

TransferGo today announced a partnership with Visa in a bid to bring real-time international money transfers to consumers’ bank cards. The service is currently live in 32 markets including Germany, Spain, Romania, Poland, Ukraine and Turkey and has the potential to expand to a total of 178 countries in the future with additions such as the UK, Italy and Nigeria.

Daumantas Dvilinskas, CEO and Co-Founder of TransferGo, said, “We are committed to a constant cycle of innovation, meaning our customers and their needs are at the heart of everything we do. This is why it is important to us to ensure more people across more markets can experience the benefits of flexible international remittances through easier, faster, and more secure services like Visa Direct. What is more, as the service continues to grow, customers could see availability expand further into Africa, Southeast Asia and the Commonwealth of Independent States.”

TransferGo and Visa’s partnership is expected to enable customers to send and receive funds through Visa’s real-time push payments platform, Visa Direct. Consumers using TransferGo to send or receive funds will benefit from the speed and security of the Visa network when sending or receiving money overseas. By using this solution, customers can send payments directly to a card without having to navigate online banking or find the International Banking Account Number (IBAN).

“Now more than ever, people have a vital need to access fast, simple and secure ways to move their money across borders to support friends and family overseas,” said Tim Summers, Vice President, Visa Direct, Visa. “We look forward to continuing our ongoing work with TransferGo to make this possible through real-time payments to more consumers across the globe.”