Visa and Standard Chartered join forces to enhance cross-border payments
A strategic collaboration enabled by our open banking API capabilities and global market presence.
The B2B cross-border payments landscape is evolving. Thanks to Standard Chartered’s strategic collaboration with Visa, corporate clients can now benefit from an innovative, seamless and cost-effective payment network.
Standard Chartered has joined Visa B2B Connect as a participant and settlement bank. Enabled by the Bank’s advanced open banking API capabilities and global market presence, Visa B2B Connect is now faster and frictionless, optimising operational efficiency.
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Ben Ellis, Senior Vice President, Global Head of Visa B2B Connect at Visa, said: “We are excited to join forces with Standard Chartered to enhance cross border payments. Using Standard Chartered’s API capabilities and Visa’s network, we’re empowering corporate clients to navigate the complexities of global commerce with speed, security and efficiency like never before.”
Mark Willis, Global Head of Open Banking Ecosystems, Standard Chartered, added: “Through Standard Chartered’s API-enabled global payment network, we are delighted to join Visa as both a participant and settlement bank on the Visa B2B Connect platform.”
The collaboration delivers a shared vision for enhancing the speed, experience and transparency of global cross-border payments.