Afriex, Visa partner to deliver real-time cross-border payments to over 160 markets

Core Insights - Afriex has partnered with Visa to enable real-time cross-border payments to over 160 markets, enhancing the speed and accessibility of international transactions [1][4]. - The integration of Visa Direct through Afriex's platform allows for seamless fund delivery to eligible Visa endpoints, connecting to billions of accounts globally [1][2]. - The collaboration aims to address the increasing demand for faster payment solutions, particularly for remittances, which reached $669 billion in 2023 according to the World Bank [3][4]. Company Overview - Afriex's platform now provides immediate access to international payment capabilities via its mobile app, allowing users to send, receive, and store money in multiple currencies with near-zero fees and instant transfers [2][4]. - The partnership with Visa is expected to enhance the reliability and reach of Afriex's services, making it easier for individuals and businesses to manage cross-border transactions [2][3]. Market Expansion - Afriex has expanded its network to include countries in Europe, allowing users to send funds to more than eight African countries, with the new additions being the Netherlands, Romania, Germany, Ireland, Italy, France, Belgium, and Spain [4][5]. - The collaboration with Visa Direct is part of Afriex's strategy to meet the growing demand for efficient cross-border payment solutions, ensuring that vital funds reach their destinations quickly [4].