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Visa completes acquisition of Currencycloud

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LONDON & SAN FRANCISCO – Visa (NYSE: V) announced today that it has completed the acquisition of Currencycloud, a global platform that enables banks and fintechs to provide innovative foreign exchange solutions for cross-border payments.

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The acquisition will allow Visa and Currencycloud customers and partners to provide greater transparency, flexibility and control to 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 more than 500 banking and technology customers with reach in more than 180 countries and will continue to serve and support its customers and partners across the industry.

About Visa inc.

Visa Inc. (NYSE: V) is the global leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments worldwide and is capable of processing over 65,000 transaction messages per second. The company’s relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device for anyone, everywhere. As the world shifts from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce.

For more information, visit About Visa, and @VisaNews.

About Currencycloud

Banks, fintechs, and businesses around the world can take bigger, better, and bolder strides with Currencycloud. Currencycloud gives businesses the ability to transfer money across borders and conduct global transactions in multiple currencies, quickly. Experts at what they do, their technology makes it easy for clients to embrace digital wallets and bring finance to the heart of their business, no matter what industry they find themselves in.

Since 2012, Currencycloud has processed over $ 100 billion in more than 180 countries, working with banks, financial institutions and fintechs around the world, including Starling Bank, Revolut, Penta and Lunar. Based in London with offices in New York, Amsterdam, Cardiff and Singapore, Currencycloud works with partners such as Visa, Dwolla, GPS and Mambu to provide simple and clear cross-border infrastructure solutions for clients. They are regulated in UK, Canada, US and EU.

Forward-looking statements

This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified by words such as “will”, “is expected” and other similar expressions. Examples of forward-looking statements include, but are not limited to, statements we make regarding the future success of Currencycloud, the impact of the acquisition on the growth of Visa and other benefits for Visa, financial institutions and consumers. .

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By their nature, forward-looking statements: (i) speak only as of the date on which they are made; (ii) are not statements of historical fact or guarantees of future performance; and (iii) are subject to risks, uncertainties, assumptions or changes in circumstances that are difficult to predict or quantify. Accordingly, actual results could differ materially and negatively from Visa’s forward-looking statements due to various factors, including changes in the regulatory and competitive landscape, cybersecurity incidents, the pace and success of integration and various other factors. , including those contained in our Annual Report on Form 10-K for the fiscal year ended September 30, 2021 and our other filings with the U.S. Securities and Exchange Commission.

You should not place undue reliance on these statements. Unless required by law, we do not intend to update or revise forward-looking statements as a result of new information, future developments or otherwise.

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Constantine Panagiotatos
[email protected]
[email protected]