Visa connects with Currenxie to offer global payment solution

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The pandemic has prompted consumers to adopt digital and contactless payment methods as they prefer buying online and avoid exchanging physical money. This phenomenon, in turn, has compelled many small businesses to accelerate digital transformation and reinvent their business models.  

According to a recent study by Visa, more than two-thirds of small and micro businesses (SMBs) surveyed have tried a new approach to keep their businesses on track and meet shifting consumer demands since the onset of Covid-19. The survey, called ‘Back to Business’, also reveals that 78 per cent of global consumers have adjusted the way they pay for items in the wake of intensified safety concerns. 

As the world’s leading payment technology network, Visa plays an important role in helping businesses rethink their strategies and create a seamless consumer experience that adapts to the shifting payment landscape. Apart from rolling out its own innovative digital payment solutions, Visa increasingly partners with fintech ventures with its partnership programmes. 

Partnership enhances borderless payment capabilities

As an example, Visa has recently introduced Currenxie to its network as one of its international money transfer partners, which offers business accounts, currency exchange, and now credit card services for global businesses. Under the partnership, Currenxie is issuing its first Visa Business card to its Hong Kong customers.