London, United Kingdom – Jazari, a pioneering global Remit Now, Pay Later platform, has teamed up with Visa, a world leader in digital payments, to launch next generation digital remittance and lending services for expats across the UK, with plans to expand into Europe.
A Strategic Collaboration
Set to launch in mid 2025, Jazari will introduce easy to use digital accounts in the UK, leveraging Visa’s industry-leading virtual and physical card products, payment services, global acceptance network, and Visa Direct, Visa’s money movement solutions.
Serving The Underrepresented Market
Jazari will also use Visa Direct to power real-time, cross-border payments. This collaboration aims to serve underserved migrant workers by providing a two-fold solution: instant, low-cost remittance services and access to a Remit / Send Now, Pay Later option. This enables customers to transfer money without the immediate burden of payment, offering a flexible solution to managing finances.
Jazari customers will have access to the best rates through its remittance marketplace, powered by multiple partners. They can choose to send money instantly to over 170 countries with the option to immediately pay in full or Pay Later, backed by Jazari’s proprietary AI and machine learning-based credit scoring system.
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Pioneering Remit Now, Pay Later
Hasnain Sheikh, Founder and CEO, Jazari added: “We’re excited to have collaborated with Visa in multiple regions and markets to pioneer Remit and Receive Now Pay Later from the same platform. We’ve worked hard to create a service that offers a more secure, simplified user journey for customers to remit and receive money globally, whilst paying later.
Anastasia Serikova, VP Revenue & Growth at Visa Direct, Europe added: “Visa is committed to modernizing cross-border remittance around the world. We’re thrilled to have teamed up with Jazari to help them launch Remit Now Pay Later to migrant remittance customers”
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