Odinding Group joins hands with Visa to simplify cross-border payment process
OwlTing Group, a blockchain technology financial technology company, announced that it has reached a global agreement with Visa, the world's leading digital payment company, and will introduce the Visa Direct solution to provide instant cross-border payment services to corporate and individual customers. Through this agreement, Odinding Group will have the opportunity to access more than 8.5 billion payment endpoints in Visa's global payment network.
Through Visa Direct, OwlPay's U.S. users will be able to make seamless cross-border transfers through its Web2 and Web3 hybrid payment solution, OwlPay®. Odingding Group plans to integrate with the Visa Direct solution in two phases. First, it is expected to complete the integration of Visa Direct Account before the end of this year, and to complete the integration of Visa Direct Card before the first quarter of next year.
Whether you are a corporate user who needs to pay overseas business partners or an individual user who wants to send money to your children studying abroad, you can use OwlPay® as a fast, safe and affordable instant cross-border transfer solution.
Two-stage integration, available in 26 major regions
Wang Junkai, founder and CEO of OwlPay, said: "We are pleased to cooperate with Visa to establish a new standard for cross-border payments for corporate and individual users. After the integration is completed, OwlPay® will be able to support more than 160 currencies across the world. Payment services in more than 190 regions. Through OwlPay®, we will realize the future vision of payments and create new possibilities for a more connected world.”
Jakub Petri, Global Head of Visa Direct, said: "Visa continues to look for like-minded partners like Odingding. With Visa Direct's global network and reliability, Odingding will be able to provide customers with faster and more reliable cross-border transaction services. We Both parties share the same vision and will work together to create a new global payment landscape and create growth together.”
After the two parties complete the first phase of integration, OwlPay® will be able to meet customers' diverse needs such as cross-border corporate payments and peer-to-peer (P2P) transfers through the Visa Direct Account solution. Users in the United States will be able to use OwlPay® to send money from their bank accounts to 26 major regions in the Americas, Europe and Asia.
After the second phase of integration, OwlPay® will expand its service scope through the Visa Direct Card solution, allowing users to use credit cards for cross-border transactions, and transactions can be completed in seconds. This integration will make it easier for U.S. OwlPay® users to transfer funds directly to select bank accounts, debit cards and e-wallets in more locations around the world.
Wang Junkai emphasized: "Through our Web3 payment solution, Odingding will be able to help enterprises reduce costs and improve efficiency. For high-demand markets such as the United States and Brazil, Peru and Mexico, local individual users prefer to use digital methods for cross-border transactions. With remittance, we will be able to effectively solve the pain points of cross-border payments between these markets.”
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