Visa Teams With ACE Money Transfer on Cross-Border Payments

U.K.-based remittance provider ACE Money Transfer has entered into a strategic partnership with Visa to enhance cross-border payment capabilities through the use of account funding transactions. This collaboration aims to streamline the process of sending money globally by leveraging Visa’s extensive payment network to provide a more secure and convenient digital experience. For the Payments & Money Transfer sector, this move highlights the ongoing industry shift toward integrating advanced card-funded technologies to meet rising consumer demand for speed and transparency in international remittances.

ACE Money Transfer, a prominent remittance provider based in the United Kingdom, has officially launched a collaboration with Visa to promote account funding transactions (AFT) for international money transfers. This partnership is designed to integrate ACE’s expertise in global remittances with Visa’s robust payments network, facilitating faster and more seamless transactions for customers sending funds to friends and family worldwide. By focusing on AFT capabilities, the companies aim to strengthen the underlying infrastructure that supports card-funded transfers, ensuring a more reliable payments stack for the various global corridors that ACE serves.

Rehan Ashraf, head of payments and banking infrastructure at ACE Money Transfer, emphasized that the collaboration represents a significant step in enhancing how customers fund their transfers. He noted that the integration of Visa’s AFT technology is part of a broader investment in secure and efficient payment experiences that perform reliably across different jurisdictions. Olga Ovchinnikova, vice president and head of Visa Direct Europe, added that the partnership addresses the growing global demand for digital cross-border solutions, underscoring the necessity of industry collaboration to enable secure and immediate money movement for individuals and families.

The initiative arrives at a time when the cross-border payments sector is facing pressure to provide the same level of certainty, visibility, and immediacy found in domestic transactions. According to industry insights, the expectation for faster settlement and continuous availability is transforming how companies approach global payments. Experts suggest that three primary forces are driving this demand: evolving consumer expectations, the emergence of new business models, and the requirements of more sophisticated corporate treasurers. By expanding its work with Visa Direct, ACE Money Transfer is positioning itself to meet these needs, helping to bridge the gap between complex international transfers and the seamless experience today’s users require.