Visa and Remitly first partnered in 2019 when Remitly connected its money transfer services to the Visa Direct real-time “push payments platform.” At that time, payments using their joint services could be sent to “multiple countries,” but now Remitly says its payments can be received at Visa Direct eligible institutions in some 43 countries.
This is Visa’s first investment in Remitly. A Remitly spokesperson declined to comment on how much money Visa invested or what size stake it purchased. Visa didn’t respond to a request for comment.
