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Visa Closes Acquisition of Cross-Border Transaction Specialist Currencycloud.

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MANews-(C)2009-2021

US-based digital payments company Visa (NYSE: V) has completed the acquisition of UK-based Currencycloud, a global platform that enables banks and fintechs to provide foreign exchange solutions for cross-border payments, the company said.

The acquisition will empower Visa and Currencycloud clients and partners to provide greater transparency, flexibility and control for consumers and businesses when making international payments or doing business in multiple currencies.

The acquisition builds on an existing strategic partnership between Currencycloud and Visa.

Currencycloud's cloud-based platform already supports over 500 banking and technology clients with reach in over 180 countries and will continue to serve and support its customers and partners across the industry.

Visa's global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a...

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