Encoded Approved as Visa Direct Preferred Partner

 Encoded, as a Visa Direct Preferred Partner, has the capability to provide rapid peer-to-peer payments through its Gateway Services API. This partnership allows Encoded to tap into the expertise and insights offered by the Visa Direct team, enabling them to deliver an exceptional money transfer solution to their customers. Visa Direct is a platform designed for the seamless cross-border transfer of funds, enabling both individuals and businesses to send and receive money instantly through the Visa network. Leveraging Visa's extensive global payments network, Visa Direct facilitates swift and bidirectional money transfers. Its ability to execute transactions instantly makes it an appealing alternative to traditional banking networks, which can often be sluggish and burdened with high fees, especially for international transfers.

Adam Bromage-Hughes, Chief Technology Officer of Encoded, expressed, "Our designation as a Visa Direct Preferred Partner underscores our unwavering commitment to offering our customers a cutting-edge payment orchestration and gateway platform. By harnessing Visa Direct's solution, we can provide a payout and peer-to-peer payment solution that leverages advanced technology to address many of the shortcomings of legacy banking systems. This includes enabling instant money transfers, reducing costs, and enhancing transparency and security."