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Standard Chartered today revealed its participation in Visa B2B Connect, a network facilitating efficient, account-to-account cross-border payments for corporate clients. Initially available to Standard Chartered Singapore clients, the service will soon be expanded to include more entities. This addition aims to quicken and reduce the cost of business-to-business (B2B) transactions globally.
The system operates through application programming interface (API) connectivity between Standard Chartered and the Visa B2B Connect network. This direct connection to Visa enables transactions to bypass multiple intermediaries, cutting both costs and…
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