Through a strategic alliance, Credicorp Bank together with Visa, formalized the launch of Business to Business (B2B), a platform designed to expedite the processing of cross-border commercial payments quickly and securely, encouraging data uniformity and transparency.

With this alliance, Credicorp Bank joins itself as an active participant in the Visa B2B Connect network, with the aim of facilitating the transactions of its business customers.

The Visa B2B Connect global payment platform will transform B2B cross-border payments for companies worldwide by merging the resources of conventional banking institutions, with an innovative multilateral network backed by Visa’s solid reputation and experience.

This solution will allow companies to access an optimized payment experience, managing their transactions seamlessly within Visa B2B Connect and integrating into Visa’s global network, which stands out for its advanced security technology, transparency and efficiency.

Liz Marie Pareja, General Manager of Visa Panama, said that this platform is a multilateral payment network designed to facilitate Business to Business cross-border transactions in a predictable, secure and effective way for financial institutions and their corporate clients.

“Our goal is to expand the country’s financial ecosystem, through innovative partnerships, such as our collaboration with Credicorp Bank, in order to expedite the movements of international funds, reduce the costs of banking entities and that through this innovation they can provide an improved experience to their customers in the corporate segment,” Pareja explained.

For his part, Edward Dominguez, manager of Visa B2B Connect for Latin America and the Caribbean, indicated that the activation of Credicorp Bank as a participating bank in Visa B2B Connect will allow it to offer its commercial customers direct shipments of transfers without intermediaries to more than 100 countries and in multiple settlement currencies.

It also reinforces the expansion strategy of Visa B2B Connect in Panama and in the region, since it contributes to the innovation and success of Panama as one of the most modern and successful international financial centers at the regional and global levels.