• Ripple’s partner DeeMoney joins forces with Visa for global payments in Thailand.
• Novatti-owned International Bank of Australia (IBOA) gets approval to launch payment solution in Australia.

Recent reports show that Ripple partner DeeMoney has entered a partnership with Visa. The FinTech giant out of Thailand and a 3-year-old partner with Ripple, has partnered with Visa to fully integrate Visa Direct into its global payment platform.

Per this partnership, users will be able to carry out lighting speed cross-border payments globally. Visa as a global payment solution is present in over 170 countries and enables over 160 currencies. This becomes readily available to DeeMoney users in Thailand and will only need the Visa details of the recipient to send money.

The time-saving attribute of this partnership makes it very appealing. Visa claims that 30 minutes is more than enough for recipients to receive funds after the transaction. Unlike the days involved with traditional cross-border payment solutions.

The chief executive officer of DeeMoney, Aswin Phlaphongphanich, explains the value that Visa offers. He mentioned that Visa’s speed and security make it ideal for real-time payments.

This partnership allows our customers to send funds directly to their friends’ or family’s debit card accounts in real-time to more than 170 countries in…