In recent weeks, Visa (NYSE: V) has committed more than $3 billion to acquire account aggregator Tink and fintech Currencycloud. The recent announcement of Visa’s definitive agreement to acquire Currencycloud shows their focus on cross-border payments. Cross-border payments have seen significant growth due to rising demand from all businesses for international trade. Currencycloud’s cloud-based platform offers a broad set of APIs enabling banks and financial services providers to offer currency exchange services.
Source: Visa seeks an edge in open banking, cross-border paymentsI