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Visa Direct Highlights SMB Cross-Border Payment Delays

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Sig1.25Sen+1.40Env0.00Soc+0.30Gov0.00

Visa Direct North America head Justin Zhao says cross-border sending for small businesses is slowed and obscured by correspondent banking, with transfers sometimes taking one to five days or longer. SMBs may lack visibility into which correspondent holds the payment and when it arrives, tying up cash. Visa argues Visa Direct can help platforms differentiate as cross-border remains underserved.

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