Visa Inc.: TransferWise and Visa Announce Global Partnership Following Successful Collaboration on Cloud Technology
TransferWise to expand debit card program accompanying its multi-currency account into dozens of new markets using new Visa Cloud Connect infrastructure
Visa (NYSE: V) and TransferWise today announced a global partnership and the first use of Visa Cloud Connect, a new way for fintechs and partners to securely connect Visa s global processing network, VisaNet, through the cloud. Visa Cloud Connect underpins a new global agreement between Visa and TransferWise that will enable the expansion of TransferWise s multi-currency debit cards in Asia Pacific, Europe, Latin America and the Caribbean, the Middle East, U.K. and U.S.
Tim
Cameron, TransferWise Country
Manager:
“It’s fascinating to see the
decline of Boxing Day as Black Friday and Cyber Monday
become more and more popular in New Zealand. It looks like
Kiwis no longer want to wait until after Christmas to score
themselves a bargain.
“In such a challenging year,
it’s fantastic to see the majority of spending staying
within New Zealand. However, for those offshore purchases
it’s more important than ever for Kiwis to avoid pesky
currency conversion fees that come with using traditional
bank cards when online shopping. We think it’s better to
keep that money in your back pocket rather than giving it to
Punch Newspapers
Sections
Temiloluwa O’Peters
The Central Bank of Nigeria has warned that neither Azimo nor Transfer Wise has been licensed by the bank to operate as International Money Transfer Operators.
CBN in a disclaimer posted on its twitter account on Wednesday notified the public that the companies were transacting business, unauthorised as IMTOs in Nigeria and therefore warned potential investors to beware of the companies.
The apex bank advised the public to desist from patronising the schemes, noting that doing so was at the investor’s peril.
The statement said, “The attention of the Central Bank of Nigeria has been drawn to the activities of Messrs Azimo and Messrs Transfer Wise, both of which are purportedly transacting business, albeit unauthorised, as International Money Transfer Operators.
CBN disclaims unregistered IMTOs naija247news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naija247news.com Daily Mail and Mail on Sunday newspapers.
By Obinna Chima
The Central Bank of Nigeria (CBN) has expressed displeasure that some International Money Transfer Operators (IMTOs) continue to pay remittances in local currency contrary to its recent policy that granted unfettered access to forex from Diaspora and other money transfer remittances.
However, it noted that the majority of Nigerians who are beneficiaries of remittances through IMTOs now receive forex through their designated banks.
The CBN revealed this in a circular posted on its website yesterday, titled: “Receipt of Diaspora Remittances: Additional Operational Guidelines.”
Therefore, in order to prevent further breach of the policy by the IMTOs, the CBN in the additional operational guidelines directed switches and processors to immediately, cease all local currency transfers in respect of foreign remittances through IMTOs.