- Tietoevry Banking partners with Visa Direct to modernise cross-border payment processes for corporate clients.
- The integration of Visa B2B Connect enables faster, cost-effective, and transparent international transactions for SMEs.
What happened: Tietoevry Banking integrates Visa Direct for better corporate payments
Tietoevry Banking has partnered with Visa Direct to improve cross-border payment solutions for its financial institution clients. The collaboration incorporates Visa B2B Connect into Tietoevry’s Payment Hub, offering businesses faster and more cost-efficient international transactions. Visa B2B Connect is designed to simplify corporate payments, providing end-to-end visibility of funds, predictable costs, and faster processing times. This solution specifically addresses long-standing challenges such as high transaction fees, delays, and lack of transparency, especially in handling payments in exotic currencies.
The integration is API-based, enabling seamless adoption by banks while minimising additional investments. Tietoevry’s Payment Hub, a scalable and secure platform, combined with Visa Direct’s cutting-edge payment technology, creates a robust solution to meet modern financial demands. The partnership targets SMEs, aiming to deliver improved efficiency and security in cross-border transactions, benefiting businesses across Europe.
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Why it’s important
This partnership highlights the growing need for modernised cross-border payment infrastructure in today’s global economy. For years, businesses, particularly SMEs, have struggled with inefficient and costly international payment systems. By integrating Visa Direct’s innovative B2B Connect technology, Tietoevry Banking addresses these challenges, setting a benchmark for efficient, transparent, and secure transactions.
Moreover, the collaboration is a positive step in supporting the broader financial technology industry’s push towards Payments-as-a-Service (PaaS) solutions. It underscores the importance of partnerships between established financial institutions and technology leaders to accelerate innovation and meet evolving market demands. As Anastasia Serikova, Visa Direct’s VP Revenue & Growth, Europe, noted, this partnership brings faster, more transparent payment solutions to European banks, aligning with Visa’s commitment to modernising global financial infrastructure. For businesses, especially in an increasingly interconnected world, such advancements promise significant operational and financial benefits.
