Payment giant Visa partners with Western Union to strengthen global payments。Western Union customers are in 40 countries and with Visa Direct they can send money around the world。

In addition, the two parties plan to issue Western Union and Visa debit cards in North America, Asia Pacific, Latin America and Europe.。Under the seven-year agreement, Visa and Western Union aim to enhance the customer experience through various initiatives.。

Integration of Visa with Western Union

Initiatives include integrating Western Union with Visa Direct and facilitating the issuance of Visa prepaid cards in specific markets。The two payment giants aim to bridge the gap between the physical and digital financial sectors, providing users with flexibility and an easy way to manage their money.。

Chris Newkirk, Global Head of Business and Mobility Solutions at Visa, said: "People rely on remittances to send necessities to their loved ones overseas.。Given the urgency of remittances and the need for convenience, safe and convenient payment methods are particularly important。However, Visa's global scale and Western Union's digital capabilities are revolutionizing the way customers send money around the world, and we are proud to provide fast and efficient cross-border payment solutions to more people.。"

Humanitarian aid and others

In addition to individual transactions, the impact of cooperation extends to humanitarian work and government payments.。By developing programs for governments and NGOs, Visa and Western Union programs facilitate the delivery of funds during emergencies and disaster relief。The agreement is an important milestone in Visa's partnership with Western Union, building on previous integrations and enabling the transfer of funds between the United States, Europe and other regions.。

In January, Visa Canada entered into a partnership with venture capital firm Plug and Play to promote innovation and collaboration, aiming to drive the growth of fintech startups in Canada.。

In response to the changing financial environment, Visa has ventured into the Web3 space, launching Visa Web3 Loyalty Engagement。

This digital loyalty solution was developed in collaboration with SmartMedia Technologies and integrates Web 2 and Web 3 technologies.。Visa's partnership with Plug and Play, its initiatives and acquisitions all target the global fintech sector。