Visa to acquire cross-border payments fintech Currencycloud
Cointelegraph
Published Jul 22, 2021 06:04AM ET
Updated Jul 22, 2021 08:00AM ET
Visa (NYSE:V) officially announced Thursday that it signed a definitive agreement to acquire Currencycloud, a fintech platform supporting about 500 banking and technology clients across more than 180 countries.
The new acquisition aims to improve Visa’s foreign exchange business and expand them to serve financial institutions, fintechs and partners. The deal will specifically improve Visa’s payment transparency and speed, the company’s global treasurer Colleen Ostrowski said, stating:
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