Visa [NYSE: V] Buys Currencycloud

Visa Inc. [NYSE: V] revealed that it has finalized the acquisition of Currencycloud which is a global platform that enables banks and fintech to offer advanced foreign exchange solutions for cross-border payments. The acquisition aims at empowering Visa and Currencycloud customers and associates to offer greater transparency, flexibility, and authority for consumers and businesses when they make international payments or operate in multiple currencies.

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Visa Inc earned a reputation as the world’s leader in digital payments. Its mission is to unite the world through an advanced, trustworthy, and safe payment network. Visa aims at permitting individuals, businesses, and economies to prosper. Its sophisticated global processing network, VisaNet, offers safe and trustworthy payments around the globe and has the ability to manage more than 65,000 transaction messages a second.

Furthermore, the purchase is the result of the current strategic collaboration between Currencycloud and Visa. The cloud-based platform of Currencycloud already backed over 500 banking and technology clients. It spread in over 180 countries and will continue to offer services and support its customers and partners across the industry.