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A New Era for Business-to-Business Transactions
Standard Chartered, one of the world’s leading financial institutions, has recently announced its partnership with Visa B2B Connect, a groundbreaking cross-border payments platform. This collaboration aims to simplify and expedite business-to-business (B2B) transactions while reducing associated costs.
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Smoother and More Cost-Effective Cross-Border Transactions
By partnering with Visa B2B Connect, Standard Chartered offers its clients an innovative solution for international payments. Through connectivity via application programming interfaces (APIs), transactions are routed directly to Visa for processing, eliminating traditional intermediaries and their fees.
Multilateral Connectivity for Enhanced Efficiency
Visa B2B Connect provides multilateral connectivity to all network members through a single connection, offering transparent timeframes and costs. This innovative approach meets the needs of businesses of all sizes seeking quick, secure, and efficient solutions for cross-border transactions.
Standard Chartered’s Commitment to Financial Innovation
Philip Panaino, Global Head of Cash at Standard Chartered, expresses enthusiasm for this collaboration: “Our engagement in the Visa B2B Connect network demonstrates our commitment to simplifying global business transactions while ensuring optimal security.”
A Strategic Partnership to Reinvent Cross-Border Payments
Ben Ellis, Senior Vice President and Global Head of Visa B2B Connect, shares this enthusiasm: “Visa is committed to modernizing cross-border payments worldwide, and this collaboration with Standard Chartered extends our network even further.”
Conclusion: Towards a Future of Smoother and More Cost-Effective Business Transactions
This joint initiative between Standard Chartered and Visa B2B Connect marks a new era in the landscape of cross-border payments. With smoother, faster, and more cost-effective transactions, businesses worldwide can now envision the future with confidence.
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