Afriex and Visa Direct accelerate $669B in Remittances with Real-Time Payments

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African fintech Afriex has partnered with Visa Direct to enable instant international transfers to billions of eligible Visa accounts worldwide. The collaboration strengthens Afriex’s value proposition by offering faster,secure,and cost-effective cross-border payments,positioning the company as a key player in the global remittance market.

“For the millions of families and businesses that rely on remittances,speed and transparency are essential,” said Tope Alabi,CEO of Afriex. “Partnering with Visa allows us to combine Afriex’s technological innovation with Visa Direct’s global reach,so money moves in real time,not over days.”

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According to the World Bank,remittances to low- and middle-income countries reached $669 billion in 2023,highlighting their critical role in supporting households and local economies. This growing demand underscores the need for faster,more accessible cross-border payment solutions.

With the Afriex-Visa Direct integration,vital funds can now reach families,communities,and businesses faster than ever,enhancing financial inclusion and supporting cross-border economic activity. The service is live on the Afriex mobile app,allowing users to send money instantly via the Visa network.

This partnership sets a new benchmark for African fintechs,demonstrating how technology and collaboration with global networks can transform the remittance experience. By combining innovation,speed,and reliability,Afriex and Visa Direct strengthen Africa’s position in the digital economy while providing a competitive,user-friendly alternative for international payments.