NetXD joins Visa B2B Connect to enable banks to launch cross-border payments in Asia

By Gloria Mathias

NetXD has announced the expansion of its collaboration with Visa B2B Connect to onboard banks in Asia after onboarding several banks across 8 countries in Europe and the Americas.

NetXD’s payments-as-a-service offering provides banks with several options to integrate into Visa B2B Connect. With NetXD’s expertise, banks can go live more quickly, benefiting from pre-certified integration and a strong track record of onboarding numerous banks across Europe and Latin America.

Visa B2B Connect is a multilateral network that builds on Visa’s reputation and expertise, providing a predictable, secure, and cost-effective solution for financial institutions and their corporate clients. The solution offers banks an alternative to the traditional correspondent banking network to facilitate business-to-business cross-border payments.

“Visa is committed to modernizing cross-border payments around the world, and the collaboration with NetXD will help our clients start transacting on our network even faster. We are excited to kick off the collaboration in Asia Pacific, with more markets to follow this year,” said Ben Ellis, Global Head of Visa B2B Connect at Visa. “Visa B2B Connect simplifies and speeds up transactions for banks and their clients, reducing costs for a more efficient and secure way to move money globally.”

NetXD has been a certified onboarding partner for Visa B2B Connect since 2020, with its hosted payments-as-a-service offering. NetXD’s payments-as-a-service enables banks to get to market and transact in a matter of weeks without additional upfront investment to build or integrate existing messages to transfer to and from customer accounts. NetXD also offers the capability to screen transactions for all participants before submitting them to Visa for processing.

“We are delighted to announce the expansion of our collaboration with Visa B2B Connect in APAC,” said Seshadri Rengarajan, Head of Platform and Strategy, NetXD Inc. “Visa B2B Connect is available in 118 countries and territories is growing and provides a cost-effective solution for banks to facilitate business-to-business cross border payments. NetXD’s solution enables banks to get on board in a short time with no technology change or integration.”