Visa invests in stablecoin payments firm BVNK
Visa, through its Visa Ventures division, has invested in South Africa-based stablecoin payments firm BVNK.
BVNK offers stablecoin payments infrastructure through a single API platform that connects banks and blockchains.
The platform allows businesses to send, receive, convert, and store both stablecoins and fiat currencies across multiple payment systems and blockchains.
The company currently processes approximately $12bn in stablecoin payments annually, BVNK said in a blog post.
It has secured more than 15 regulatory licences, according to its website.
BVNK's recent expansion into the US market has been marked by the opening of new offices in San Francisco and New York, with leadership including Amit Cheela, a former executive at BlockFi, and Keith Vander Leest, previously with Cross River.
This investment follows BVNK's $50m Series B funding round in December, which saw participation from industry players like Haun Ventures, Coinbase Ventures, and Tiger Global, among others.
BVNK CEO & co - founder Jesse Hemson Struthers said: 'Visa's deep expertise in building global payment networks, combined with our stablecoin infrastructure, creates powerful possibilities for redefining how businesses operate in today's digital economy.'
As Rubail Birwadker, Head of Growth Products and Partnerships, Visa, shared: 'Stablecoins are fast becoming a part of global payment flows, and Visa invests in new technologies and builders like BVNK, staying at the forefront of what's next in commerce to better serve our clients and partners.'
Visa posted a net income of $4.56bn for the second fiscal quarter of 2025, down from $4.66bn reported in the same period of the previous year.
"Visa invests in stablecoin payments firm BVNK " was originally created and published by Electronic Payments International, a GlobalData owned brand.
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