World Finance Informs

Visa and PayInit have announced plans to build shared payment infrastructure that will enable Swiss card-issuing banks to offer cross-border peer-to-peer payments. The development is designed to give financial institutions access to international payment networks without each bank having to develop and maintain its own individual connections. PayInit will serve as the shared infrastructure layer, while banks can integrate the services into their existing systems and client channels through an API or plug-in. Technology provider Opentech is supporting the technical implementation of the platform. Visa and PayInit Build Shared Payment Infrastructure At the core of the offering is Visa Direct, which enables...