Visa has announced the launch of its Money Movement Advisory Practice in the US and Canada. This new service is offered through Visa Consulting & Analytics (VCA), the consulting arm of Visa, and aims to assist clients and partners in navigating the evolving money movement industry.

The sector is estimated to present opportunities valued at approximately USD 200 trillion globally. The Money Movement Advisory Practice was developed in response to growing demand for seamless payment solutions and mobile experiences. ‘Money Movement’ refers to various methods of transferring funds across different platforms and channels.

Visa's Money Movement solutions, such as the Visa Direct network, are designed to facilitate real-time, secure transactions for both low and high-value payments across a global scale. These solutions enable clients to connect with up to 8.5 billion endpoints across more than 190 countries and territories, supporting transactions in 160 currencies. The new advisory practice leverages VCA's global network of over 1,300 professionals, including consultants, data scientists, technology developers, and product designers, spread across 75 offices worldwide.

It focuses on helping clients define strategies and optimize user experiences related to money movement. Additionally, VCA Implementation Support and Services are available to assist clients in integrating Visa's Money Movement solutions, potentially speeding up product deployment and adoption. A wider view This initiative is part of VCA's broader portfolio of specialty practice areas, which also includes a recently launched global AI Advisory Practice.

The AI practice aims to help clients understand and utilize artificial intelligence and generative AI more effectively. Visa operates in the digital payments sector, facilitating transactions for consumers, merchants, financial institutions, and government entities in over 200 countries and territories. The company focuses on building a payments network that prioritizes innovation, convenience, reliability, and security.

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