Terabank’s business customers will be able to transfer USD to 107 countries with the Bank’s transfer fee waived for a special promotional period starting on May 15, 2023. This special promotion applies to international transfers through Terabank’s use of the international payment platform Visa B2B Connect, and Terabank business customers will be able to use the terms of the promotion up to August 15, 2023. On completion of the promotion period, a fixed preferential rate of USD 15 per transfer will be applied on all transacitons through Visa B2B Connect.
As a reminder, the Visa B2B Connect platform is a fast, flexible and secure international payment service that will allow Terabank’s business customers to take advantage of today’s most modern, innovative, non-card-based, bank-to-bank messaging and settlement service, in order to make and receive secure and flexible international payments to 107 countries around the world. Visa B2B Connect differs from traditional methods primarily in speed which is achieved through the reduction of using multiple correspondent banks for different currencies and destination countries. The aim is for transactions to be reflected in 24-48 hours, depending on the payment currency and recipient country.
“Because of its innovation, the Visa B2B Connect platform provides various interesting possibilities for our business customers, who are a strategic sector for Terabank, to promote the development of their business and activities. This promotion is one such opportunity and we hope that many of our customers will benefit from its beneficial conditions,” said Terabank.
In partnership with Visa, Terabank is the first bank to introduce the Visa B2B Connect platform in Georgia. The service can be used both remotely – through the Internet bank and mobile application, as well as by visiting the branches.