Visa's solution, offered through payments infrastructure provider Inyo Global, enables Visa Direct clients and partners to prefund cross-border payouts with USDC in near real time. Inyo serves money transmitters, fintechs, banks, and payment businesses, and says the funding option operates around the clock through the same APIs its customers already use.
Mastercard's Global Money Platform, available through stablecoin infrastructure firm BVNK, combines fiat and stablecoin accounts with conversion and payout capabilities. It allows businesses to draw on stablecoin balances to make payments in recipients' local currencies, with Mastercard Move supplying the local-bank payout connection.
Both companies stated that the change concerns only the money supplied at the start of a payment. Recipients receive local currency in a bank account regardless of how the sender funded the transaction. The routes are designed to offer an alternative to relying solely on traditional funding windows for cross-border payments.