Visa announces its money transfer service available in China and UAE

 Visa has expanded the offering of its Visa Money Transfer Service to greater China and the United Arab Emirates. In addition, Visa also launched a new managed service, available initially in Canada and the U.S., that makes it easier for a financial institution to offer Visa Money Transfer to its customers. 

"Visa is well positioned to facilitate secure and cost-effective money transfer services by extending the capabilities of our global network that connects 1.7 billion accounts," said Elizabeth Buse, global head of product, Visa Inc. "This enables our clients to diversify into new fee-based services, while meeting their customers' need for a convenient, secure and affordable way to send money domestically and across borders."