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Leap Financial Integrates Visa Direct for Faster Cross-Border Payments
Slice of Finance Team
02 Mar
Key Highlights:
Leap Financial integrates Visa Direct to enhance digital remittances.
Focus on US-Latin America corridor, addressing a $64B market.
Lower remittance fees from 6% to under 1% using advanced technology.
Real-time fund delivery to eligible cards, bank accounts, and wallets.
Lola, an AI-powered agent, enhances user experience via WhatsApp & Telegram.
Source: PR Newswire
Notable Quote:
"From our research, traditional money transmitters charge around 6% in remittance fees due to outdated processes and multiple intermediaries. With advanced technology, Leap reduces this cost to under 1%, streamlining remittance flows and eliminating inefficiencies. Our collaboration with Visa Direct will further enhance our ability to provide faster, more secure transactions, enabling our partners to offer competitive pricing and direct more funds to recipients."
Why This Matters:
As cash usage declines globally, efficient and secure digital remittance solutions are more critical than ever. Leap Financial’s integration of Visa Direct simplifies cross-border transactions, reducing costs and increasing accessibility. By eliminating inefficiencies and leveraging AI-powered solutions like Lola, this partnership drives financial inclusion and strengthens the digital payments ecosystem across Latin America and beyond.