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Why Cross-Border Payments Still Present Challenges

PYMNTS

For example, if, in a particular market, different transaction limits apply for consumer versus business remittances, or for domestic versus cross-border transactions, we can provide these custom controls. Visa is one such provider that bridges information coming from the send market into what is required in the receipt market.

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Visa’s Approach To Simplifying Cross-Border Payments

PYMNTS

For example, if, in a particular market, different transaction limits apply for consumer vs. business remittances, or for domestic vs. cross-border transactions, we can provide these custom controls. “[Visa] bridges the information that is coming in from the send market into what is required in the receipt market,” Modi noted.