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Barclays and Visa Expand Partnership to Accelerate AI-Driven Payments
Barclays and Visa Expand Partnership to Accelerate AI-Driven Payments
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BTCCSquare news:
Barclays and Visa are deepening their six-decade partnership with a renewed focus on AI and direct bank-to-bank payments. The multi-year agreement aims to modernize digital transactions across retail, business, and private banking in the UK and US. Account-to-account payments—bypassing card networks—are gaining traction as fee structures evolve.
Both companies saw marginal stock declines following the announcement, with Visa dipping 1.6% and Barclays down 0.9%. The collaboration will leverage Visa's infrastructure to expand Barclays' US retail banking footprint while developing faster settlement rails. Market analysts note the UK's £1B+ account-to-account payment sector reflects growing demand for frictionless transfers.
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