Paying giant Visa has launched a pilot phase of its blocking project, which allows to carry out international B2B payments. About work on the project was announced last year. Then Visa decided to facilitate international transfers, making them quick and transparent. To do this, the corporation secured the support of the start-up Chain, working on projects in the field of blockbuster.
In addition to the Chain start-up, Visa's long-standing partners were involved in the operation, including the US Commerce Bank, the South Korean Shinhan Bank, the Philippine Union Bank and the United Overseas Bank from Singapore.
Head of Visa Promotion and Development Kevin Fahlen said that banks have already launched a test system for obtaining transactions using a new platform. In the test mode, it will continue to operate until mid-2018, then the commercial launch of the platform is planned.
"This week we reported a test launch of B2B payments with the help of our new blockbuster platform. But this is only the beginning. Very soon we will involve more banks and customers in this process. We are confident that large corporations will soon appear among them, "he added.
To work with the block-platform, special software was developed, which at the moment was started to be tested. Therefore, the global launch of the project was decided to be postponed for half a year, in order to test everything as it should.
We can chat and discuss the prospects of the project in our cozy telegram-chat.
The article is based on materials .
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