Thu, Dec 26 2024
A cross-border remittance service with real-time1 capabilities has been launched to India by Quicklly, the top South Asian marketplace, in partnership with Visa, a global leader in digital payments, in response to the increasing demand.
Consumers now anticipate cross-border payments to be just as simple and quick as local ones. Visa is actively attempting to remove the friction involved with cross-border payments with their novel Visa Direct solution. With Visa's global reach and Quicklly's large South Asian client base, there is a unique opportunity to provide Indians all across the world with cross-border payment solutions that are hassle-free, quick, and efficient. With this partnership, Quicklly hopes to become the most advanced, round-the-clock payment channel worldwide for payments to and from India. The company is thrilled to add to the much-needed innovation in the real-time cross-border payments market.
At Quicklly, our mission has always been to meaningfully enrich the lives of the Indian diaspora by bringing them closer to their loved ones through a variety of activities.One of the most important things to address head-on is enabling a simple, real-time1 remittance solution, according to Hanish Pahwa, Quicklly's co-founder and co-CEO.
"Millions of individuals rely on easy and safe ways to send money to their loved ones who live overseas. "We are dedicated to having a positive, cross-border influence on people's and families' lives," stated Yanilsa Gonzalez-Ore, Head of Visa Direct's North America division. "With a nuanced understanding of its customer base, Quicklly is well-positioned to enable innovative solutions that cater to the diverse needs of its users, one of which is to make cross-border transactions easily," they stated.
This state-of-the-art technology, when paired with a customer-centric strategy, is slated for launch in Q3, 2024. It promises to provide a simplified solution that will revolutionize the way people send and receive money to friends and family in India and the South Asian subcontinent.
1 The actual availability of funds for every Visa Direct transaction may vary depending on the kind of account, area, receiving financial institution, compliance procedures, and other relevant circumstances.
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