How will ACE Money Transfer benefit from Visa?

ACE Money Transfer will leverage Visa's network to enable its customers to send money internationally faster and more seamlessly using AFT technology.

When will the service be officially launched?

The official launch date and pricing details have not been announced yet.

ACE Money Transfer Partners with Visa for Faster Cross-Border AFTs

ACE Money Transfer announced a partnership with Visa to leverage Account-to-Account Fast Transfers (AFTs) for international money transfers, aiming to make them faster and more seamless.

July 14, 2026

2 min read

Source: Electronic Payments

ACE Money Transfer has announced a collaboration with Visa (V) to utilize Account-to-Account Fast Transfers (AFTs) for international money transfers. The move is intended to support "faster and more seamless" cross-border remittances, according to the company.

The Product

AFTs enable near-instantaneous fund transfers between bank accounts, reducing processing time from days to seconds. ACE Money Transfer will leverage Visa's network to allow customers to send money abroad more quickly.

Pricing and Availability

Pricing details and the official launch date have not been disclosed yet. The service is expected to be available in key markets where ACE Money Transfer operates.

Competition

The service faces competition from other remittance companies like Western Union and MoneyGram, as well as digital payment solutions such as PayPal and Revolut. Mastercard (MA) also offers similar services through its network.

Potential Impact

This partnership could strengthen ACE Money Transfer's competitive position by offering faster service, potentially attracting more customers and increasing transaction volumes. For Visa, it represents an expansion into the growing international remittance sector.

Frequently Asked Questions

AFTs are a technology that enables near-instantaneous fund transfers between bank accounts, reducing processing time from days to seconds.

Found this useful? Share it

This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.