Remitly Makes Visa Direct Available to Its Canadian Customers

​US-based remittance processor Remitly has announced that its Canadian customers will have access to Visa's real-time payments platform, Visa Direct.

Remitly's Canadian customer base will be enabled to send funds to eligible recipients in over 100 countries around the globe. In addition to the already available pay out options such as pre-existing bank accounts, digital wallets, and cash, the payment option array will be broadened to include Visa cards.

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Company representatives have stated that the newly implemented Visa Direct option follows their commitment to deliver to their customer locally relevant payment options, having in mind the knowledge that the remittances are global, whereas the customers are local.

Visa representatives have declared that the partnership with Remitly will unlock new opportunities to provide Canadians with diversity and flexibility when it comes to sending digital funds globally, with remittances representing a lifeline for 250 million migrant workers around the globe who rely on this service.

Beginning with March 2020, Remitly has started to expand its Visa collaboration, Remitly customers now having the option of sending money with Visa Direct from 18 countries to bank accounts in over 100 countries. Having integrated Visa Direct, Remitly lets their customers send money internationally, directly to bank accounts by providing the name and the 16-digit Visa debit card number of their recipient.

According to World Bank information, personal remittances exceeding USD 6.5 billion are sent from Canada on an annual basis.

Source: The Paypers