Latest news with #VisaB2BConnect
Fintech News ME
2 days ago
- Business
- Fintech News ME
Qatar Islamic Bank Partners with Visa to Boost Cross-Border B2B Payments
Qatar Islamic Bank (QIB) has partnered with Visa to enhance cross-border business-to-business (B2B) transactions. The collaboration involves the integration of the Visa B2B Connect platform, which will enable corporate clients to transfer funds from Qatar to 120 countries in a secure and streamlined manner. The platform is designed to support businesses in conducting international transactions more efficiently, aiming to improve the reliability and security of cross-border payments. QIB's adoption of Visa B2B Connect aligns with its broader strategy to strengthen international payment corridors and provide clients with cost-effective and consistent transfer services. Tarek Fawzi, General Manager, Wholesale Banking Group at QIB, said: 'By leveraging cutting-edge technology and digital advancements, we're able to process account-to-account transfers promptly, helping businesses stay competitive and contributing to the broader economic landscape.' QIB is the first Islamic bank in Qatar to adopt the Visa B2B Connect platform, adding to its existing international money transfer services and expanding its digital payment capabilities. Shashank Singh, Visa's Vice President and General Manager for Qatar and Kuwait, said: 'Visa B2B Connect provides seamless, secure and efficient global money movement solutions for financial institutions and their corporate clients. The solution also supports the Qatar government's efforts to drive digital innovation in the financial and business sector.' International money transfers often involve complexities, but this new network aims to improve transparency and predictability. These features may support better financial planning and strategic decision-making for businesses operating across borders.
Qatar Tribune
5 days ago
- Business
- Qatar Tribune
QIB, Visa tie up to ease B2B payments
Tribune News Network Doha QIB, Qatar's leading digital bank, and Visa, a world leader in digital payments, have partnered to streamline corporate cross-border business-to-business payments to 120 countries worldwide through the adoption of the Visa B2B Connect platform. The Visa B2B Connect platform is a payment network that will allow corporates to send money conveniently and securely from Qatar to multiple markets across the globe through QIB, therefore, facilitating seamless business operations. The announcement of the partnership signifies QIB's continued commitment to collaborate with its partners to facilitate trade across various international payment corridors by giving customers cost-effective, efficient, reliable and secure, money transfer services. Commenting on this, QIB General Manager – Wholesale Banking Group Tarek Fawzi said, 'In today's fast-paced business environment, it's essential for companies to have a banking partner that can ensure swift transactions. Our partnership with Visa reinforces our commitment to providing businesses with efficient cross-border payment solutions. By leveraging cutting-edge technology and digital advancements, we're able to process account-to-account transfers promptly, helping businesses stay competitive and contributing to the broader economic landscape.' QIB will be the first Islamic bank in Qatar adopting Visa B2B Connect and complementing its already existing outbound money transfer solutions and platforms simplifying international money transfer and payment services globally. Also commenting on the partnership, Visa VP and General Manager for Qatar and Kuwait Shashank Singh said, 'Visa B2B Connect provides seamless, secure and efficient global money movement solutions for financial institutions and their corporate clients. The solution also supports the Qatar government's efforts to drive digital innovation in the financial and business sector and so we're excited to partner with QIB in bringing Visa B2B Connect for the benefit of the local market as well as the wider Middle East region.' Although many businesses may find international money transfer complex, the new network promises predictability and transparency to customers, therefore, providing key insights for strategic decision making and partnership will streamline cross-border payments to 120 countries worldwide through the adoption of the Visa B2B Connect platformBusinesses will enjoy efficient, reliable and secure, money transfer servicesAccount-to-account transactions from QIB Corporate accounts to beneficiary banks to be facilitated through the deployment of Visa B2B Connect QIB Corporate and SME customers will gain access to an account-to-account cross-border payments service that operates 24x7 with ability to transactions in over 80+ currencies
Zawya
5 days ago
- Business
- Zawya
QIB and Visa partner to facilitate B2B Cross-Border Payments
Businesses will enjoy efficient, reliable and secure, money transfer services. Account-to-account transactions from QIB Corporate accounts to beneficiary banks to be facilitated through the deployment of Visa B2B Connect. QIB Corporate and SME customers will gain access to an account-to-account cross-border payments service that operates 24x7 with ability to transactions in over 80+ currencies. Qatar, Doha. QIB, Qatar's leading digital bank, and Visa, a world leader in digital payments, have partnered to streamline corporate cross-border business-to-business payments to 120 countries worldwide through the adoption of the Visa B2B Connect platform. The Visa B2B Connect platform is a payment network that will allow corporates to send money conveniently and securely from Qatar to multiple markets across the globe through QIB, therefore, facilitating seamless business operations. The announcement of the partnership signifies QIB's continued commitment to collaborate with its partners to facilitate trade across various international payment corridors by giving customers cost-effective, efficient, reliable and secure, money transfer services. Commenting on this, Mr. Tarek Fawzi, QIB's General Manager – Wholesale Banking Group, said: 'In today's fast-paced business environment, it's essential for companies to have a banking partner that can ensure swift transactions. Our partnership with Visa reinforces our commitment to providing businesses with efficient cross-border payment solutions. By leveraging cutting-edge technology and digital advancements, we're able to process account-to-account transfers promptly, helping businesses stay competitive and contributing to the broader economic landscape.' QIB will be the first Islamic bank in Qatar adopting Visa B2B Connect and complementing its already existing outbound money transfer solutions and platforms simplifying international money transfer and payment services globally. Also commenting on the partnership, Mr. Shashank Singh, Visa's VP and General Manager for Qatar and Kuwait, said 'Visa B2B Connect provides seamless, secure and efficient global money movement solutions for financial institutions and their corporate clients. The solution also supports the Qatar government's efforts to drive digital innovation in the financial and business sector and so we're excited to partner with QIB in bringing Visa B2B Connect for the benefit of the local market as well as the wider Middle East region.' Although many businesses may find international money transfer complex, the new network promises predictability and transparency to customers, therefore, providing key insights for strategic decision making and business planning.
The Star
24-05-2025
- Business
- The Star
Agricultural Promotion Bank leads financial innovation in Laos with Visa for seamless cross-border payments
- Photo: Vientiane Times/ANN VIENTIANE: The Agricultural Promotion Bank Co., Ltd. (APB) is reinforcing its position as a leader in financial innovation through a collaboration with Visa, a global pioneer in digital payments. By adopting Visa B2B Connect, APB is enhancing its cross-border payment capabilities with a secure, efficient, and transparent solution designed for modern business needs. The launch on April 30 of APB World-Remit enabled by Visa B2B Connect marks a significant step in improving the way Lao businesses handle international transactions. This platform enables direct bank-to-bank transfers, increases transparency, and allows clients to track payments in near real-time, delivering greater speed, accuracy, and confidence in every transaction. Managing Director of APB, Philavanh Sophabmixay, said "This collaboration with Visa aligns perfectly with APB's commitment to advancing digital financial services and contributing to sustainable economic development in Laos. "Guided by our 'Swift, Complete, Accessible' strategy, we're creating an integrated ecosystem that supports corporate clients with smart tools for payments, liquidity, and real-time international fund management." - Photo: Vientiane Times/ANN He also noted that APB World-Remit with Visa B2B Connect supports a broad range of foreign currencies and is available in more than 110 countries and territories, strengthening APB's role in connecting Lao businesses to international markets. Visa Country Manager for Vietnam and Laos, Dung Dang, said "We are pleased to support APB in enhancing cross-border transactions for businesses in Laos. "The adoption of Visa B2B Connect will provide Lao businesses with a robust solution for managing international payments more effectively. "This collaboration highlights our commitment to fostering innovation and offering seamless financial solutions that cater to the evolving needs of our clients and partners in Laos." This collaboration is part of APB's wider Digital Remittance Solutions initiative, focused on expanding global service offerings through forward-looking technology and strong strategic collaborations. Corporate customers can now access cross-border payment services via the APB Business platform. - Vientiane Times/ANN
Yahoo
07-05-2025
- Business
- Yahoo
Is Visa Inc. (V) the Best Dow Stock?
We recently published a list of The Best and Worst Dow Stocks. In this article, we are going to take a look at where Visa Inc. (NYSE:V) stands against other Dow stocks. The Dow Jones Industrial Average is a benchmark index of the top 30 companies in the US. It represents the strength of the US economy and carries great historical significance as well. It also acts as a reference point for analysts and investors. However, not all stocks within this elite group of companies perform equally. While some thrive on innovation and economic boom, others struggle due to various setbacks and economic trends. We decided to break down the index and find out the best and worst stocks, looking at what was making them perform unexpectedly this year. Methodology In order to come up with our ranking of the best and worst Dow stocks, we first assigned a rank to each stock based on the number of hedge funds holding the stock. We then looked at the short interest in each stock and assigned the top rank to the company with the least short interest. We then combined the two ranks to see which stock was the best on average. The list is in ascending order, with the best stock taking the number one spot. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Is Visa Inc. (V) the Best Dow Stock? A close-up of a modern payments terminal with a pile of credit cards on the side. Visa Inc. (NYSE:V) Number of Hedge Fund Holders: 181 Short Interest as of Apr 30, 2025: 1.53% Visa Inc. (NYSE:V) is a payment technology company. It operates a transaction processing network, VisaNet. The company provides debit, credit, and prepaid card products, Visa B2B Connect, Visa Direct, Visa DPS, and Visa Cross-Border Solution. Despite economic headwinds that have impacted consumer spending, the firm delivered a solid performance. In Q1, it surpassed both revenue and EPS estimates. Visa's revenue growth was recorded at 10%, along with EPS growth of 14%. This growth was fueled by robust consumer spending for the holidays. As a result of the increased consumer spending, payment volumes grew by 9%. Visa Inc. (NYSE:V) announced its Q2 earnings last week. A 9% topline growth and a 10% EPS growth mean the company continues its growth story. In the next quarter, things look even better with a low-double-digit revenue growth powering a high-teens growth in the bottom line! Clearly, these are good times to be a Visa investor.
