Money Travels

Welcome to Money Travels presented by Visa. In this episode, we're going to learn about remittances in different parts of the world. We are joined by Jairo Riveros, managing director for The Americas and global head of strategy at Paysend, a global fintech company, and Lucciana Alvarez Ruiz to discuss financial inclusion. For some of us it feels pretty seamless and easy to send and receive money, but for others, especially people who don't have a traditional bank account, it can feel impossible to exchange money across large distances. How is someone from a small town in Guatemala who is paid in the currency of another country supposed to send money back to their family if their loved ones don't have access to a bank? Often the solutions are costly, slow, and sometimes even dangerous if you have to physically carry cash for miles. But if you can access the internet from wherever you are, why can't you just move your money digitally?  We'll explore the differences between regions from Eastern Europe to Latin America and get a sense of the remittances landscape and how money movement can become more inclusive. Listen now. 

We hope you enjoy this fascinating new episode of Money Travels, brought to you by Visa.  

Follow Us:

• Website https://www.visa.com/visadirect
• LinkedIn @Visa Direct

Presented by Visa

https://usa.visa.com

Welcome to Money Travels. In episode 4 of season 2 we talk to some of the experts who are building the tools that will transform the next generation of money movement. Tencent is a multinational technology conglomerate and one of the world's largest social media companies. WeChat or Weixin, as the app is known in Mainland China, is Tencent’s popular app known for instant messaging, social posting, shopping and more. We explore the ways that Weixin has integrated financial features into the consumer app experience and how Visa Direct is helping Weixin Pay create a seamless digital experience for users who can receive remittances directly into their wallet. We're talk to Deepan Dagur, vice president and regional head Asia Pacific at Visa Direct, and Wenhui Yang, the regional general manager of Tenpay Global Asia Pacific. We hope you enjoy this fascinating new episode of Money Travels, brought to you by Visa.

Follow Us

• Website https://www.visa.com/visadirect
• LinkedIn @Visa Direct

Presented by Visa

https://usa.visa.com

Season 2, Episode 5 of Money Travels presented by Visa.
#VisaDirect #MoneyMovement #MoneyTravels #Remittances #PaySend #Fintech

In this episode, we're going to learn about remittances in different parts of the world. We are joined by Jairo Riveros, managing director for The Americas and global head of strategy at @Paysend, a global fintech company, and Lucciana Alvarez Ruiz to discuss financial inclusion. For some of us it feels pretty seamless and easy to send and receive money, but for others, especially people who don't have a traditional bank account, it can feel impossible to exchange money across large distances. How is someone from a small town in Guatemala who is paid in the currency of another country supposed to send money back to their family if their loved ones don't have access to a bank? Often the solutions are costly, slow, and sometimes even dangerous if you have to physically carry cash for miles. But if you can access the internet from wherever you are, why can't you just move your money digitally? We'll explore the differences between regions from Eastern Europe to Latin America and get a sense of the remittances landscape and how money movement can become more inclusive.

Learn more about Visa Direct:
https://corporate.visa.com/en/products/visa-direct/money-travels.html

Connect with Visa Direct on LinkedIn:
https://www.linkedin.com/showcase/visa-direct/

Time Stamps:

• 00:00:00 Introduction
• 00:00:28 Hardships of growing up poor in Guatemala
• 00:01:10 Financial benefits of moving to the United States from Guatemala
• 00:02:00 Episode Overview
• 00:03:30 Banking challenges sending money back home to other countries
• 00:05:52 Why citizens in Latin America are unbanked
• 00:09:58 Financial challenges women face in Latin America
• 00:12:22 Adoption of digital devices has increased acceptance of finance in Latin America
• 00:13:24 Why PaySend's fintech business is so unique
• 00:14:54 How PaySend is helping Latin America overcome financial barriers
• 00:18:47 The benefit of UK's quick adoption of PaySend financial technology
• 00:20:30 How PaySend helped the UK financial system overcome traditional limitations
• 00:21:40 PaySend helping people send aide to war torn countries in time of need
• 00:23:45 Growing Latin America's adoption of financial technology
• 00:28:30 Overcoming the challenges of sending money back home to other countries
• 00:29:45 PaySend promotes their financial services in Latin America
• 00:32:10 Final thoughts

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our purpose is to uplift everyone, everywhere by being the best way to pay and be paid.

Season 2, Episode 6 of Money Travels presented by Visa.
#VisaDirect #MoneyMovement #MoneyTravels #Remittances #Brightwell #CruiseShips

Some of us are bitten by the travel bug and can't get enough of the adventures and new experiences that being on the move provides. For many that travel bug results in a career like for those that work on cruise ships. There are many hidden challenges that cruise ship employees and their employers face, especially when it comes to money movement. That's where fintech company and Visa direct partner, @BrightwellTV comes in. Their innovations and cross-border payments have been a game changer for the industry. We'll hear how they're accomplishing the sea change, from Brightwell CEO, Larry Hipp. We are also joined by Andre Eduwardo, Manager of Onboard Operations Accounting, at Virgin Voyages.

Learn more about Visa Direct:
https://corporate.visa.com/en/products/visa-direct/money-travels.html

Connect with Visa Direct on LinkedIn:
https://www.linkedin.com/showcase/visa-direct/

Time Stamps:

• 00:00:00 Introduction
• 00:00:13 Benefits of working on a cruise ship
• 00:00:53 Episode Overview
• 00:02:00 The wide range of working on a cruise ship
• 00:03:03 Challenges of working on a cruise ship
• 00:03:59 Managing responsibilities of cruise ship employee payroll
• 00:06:00 Currency exchange on a cruise ship
• 00:06:36 Benefits from updates in payroll technology on cruise ship
• 00:10:30 How a fintech is helping cruise ships with cross-Border money movement
• 00:11:15 How Brightwell helps money move from point A to point B
• 00:13:04 The benefits of the Brightwell Navigator app for payroll distribution
• 00:14:00 How Visa Direct is enabling Brightwell to grow their reach
• 00:15:10 The importance of transparency in cross-border payments
• 00:17:30 How Brightwell is helping cruise ship employees with financial inclusion
• 00:20:18 The psychological impact of good or bad experiences with memories
• 00:21:30 Streamlining and digitizing cruise ship cross-border fintech payments
• 00:24:10 Figuring out the process of providing cross-border solutions to a global audience
• 00:25:46 The future of Brightwell tech
• 00:27:39 Travel recommendation the beautiful land of Antarctica
• 00:28:12 Final thoughts

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our purpose is to uplift everyone, everywhere by being the best way to pay and be paid.

Season 2, Episode 4 of Money Travels presented by Visa.
#VisaDirect #MoneyMovement #MoneyTravels #WeChat #SuperApp #DigitalWallets

Tencent is a multinational technology conglomerate and one of the world's largest social media companies. @WeChatApp or #Weixin, as the app is known in Mainland China, is #Tencent’s popular app known for instant messaging, social posting, shopping and more. We explore the ways that Weixin has integrated financial features into the consumer app experience and how Visa Direct is helping Weixin Pay create a seamless digital experience for users who can receive remittances directly into their wallet. We're talking to Deepan Dagur, vice president and regional head Asia Pacific at Visa Direct, and Wenhui Yang, the regional general manager of Tenpay Global Asia Pacific.

Learn more about Visa Direct:
https://corporate.visa.com/en/products/visa-direct/money-travels.html

Connect with Visa Direct on LinkedIn:
https://www.linkedin.com/showcase/visa-direct/

Time Stamps:

• 00:00:00 Welcome to Money Travels
• 00:00:12 How Gen-Z uses WeChat with family & friends
• 00:05:17 Tencent Super App WeChat Weixin
• 00:05:50 Wenhui Yang from TenPay Global
• 00:06:18 How Weixin started
• 00:07:34 Gaining trust in social media
• 00:08:25 WeChat Cross-Border Remittances
• 00:11:07 How Visa Direct helps Weixin
• 00:13:16 How Weixin helps Visa Direct
• 00:14:48 Why Tencent partnered with Visa Direct
• 00:16:34 How Visa Direct expanded Weixin WeChat reach
• 00:18:14 How businesses work with Visa
• 00:19:34 Are Super apps personal
• 00:21:18 Sending Red Packet Envelope thru WeChat for Lunar New Year
• 00:24:15 Why WeChat digitized the Red Packet Envelope experience
• 00:26:04 Building trust with payments in social app
• 00:27:40 WeChat Weixin User Stats
• 00:30:36 Why Gen-Z trusts WeChat
• 00:32:28 Closing Thoughts

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our purpose is to uplift everyone, everywhere by being the best way to pay and be paid.

Welcome to Money Travels Season 2, Episode 3. Fast money movement requires fast security. As money moves more and more quickly, the technical challenges to secure the transactions grow for all parties involved. We have to predict behavior and aim to stop fraud before it happens, often with the help of AI, but you need a pretty big data set to make accurate predictions and to track trends in fraud behavior. That's where Visa Direct's network can come in and it's long history of transactions coupled with decades of developing AI tools that can check, monitor, and protect money movement.

To get a sense of how AI is used today in money movement, we're going to talk to Michael Jabbara, Vice President, Global Head of Fraud Services at Visa, Dr. Anjana Susarla, who's a professor of responsible AI at Michigan State University, and Clara Durodié, an AI strategy specialist and author of Decoding AI in Financial Services. But first, we hear from Tendai Marambire is an ethical security hacker that conducts baseline testing for Visa Direct transactions and along with her team, continuously add new components and new scenarios as new fraud schemes are discovered in the wild.

We hope you enjoy this fascinating new episode of Money Travels, brought to you by Visa.  

Follow Us

• Website https://www.visa.com/visadirect
• LinkedIn @Visa Direct

Presented by Visa

https://usa.visa.com

Welcome to episode 2, season 2 of Money Travels.  In today's internet age, our identity has gone digital. We use our email addresses, phone numbers, social media account logins, and even digital versions of our biometrics to identify ourselves and these digital identifiers can be sent anywhere to anyone. In this episode, we're going to explore digital identity and financial fraud and how bad actors are taking advantage of the shift to synthetic versions of ourselves. We will talk with Tim Sini, who investigated synthetic identity theft and fraud when he was a New York district attorney and Matthieu Charpentier, Vice President and Global Head of Authentication & Identity to talk about what Visa and Visa Direct are doing to help mitigate risk and the challenges of adding security measures in an environment where end users are used to a pretty frictionless experience. We even explore the ways in which generative artificial intelligence is shaping the landscape. Listen now.

We hope you enjoy this fascinating new episode of Money Travels, brought to you by Visa.  

Follow Us

• Website https://www.visa.com/visadirect
• LinkedIn @Visa Direct

Presented by Visa

https://usa.visa.com

Season 2, Episode 3 of Money Travels presented by Visa.
#VisaDirect #MoneyMovement #MoneyTravels

Fast money movement requires fast security. As money moves more and more quickly, the technical challenges to secure the transactions grow for all parties involved. We have to predict behavior and aim to stop fraud before it happens, often with the help of AI, but you need a pretty big data set to make accurate predictions and to track trends in fraud behavior. That's where Visa Direct's network can come in and its long history of transactions coupled with decades of developing AI tools that can check, monitor, and protect money movement.

To get a sense of how AI is used today in money movement, we're going to talk to Michael Jabbara, Vice President, Global Head of Fraud Services at Visa, Dr. Anjana Susarla, who's a professor of responsible AI at Michigan State University, and Clara Durodié, an AI strategy specialist and author of Decoding AI in Financial Services. But first, we hear from Tendai Marambire an ethical security hacker that conducts baseline testing for Visa Direct transactions and along with her team, she continuously tests new components and new scenarios as new fraud schemes are discovered in the wild.

Learn more about Visa Direct:
https://corporate.visa.com/en/products/visa-direct/money-travels.html

Connect with Visa Direct on LinkedIn:
https://www.linkedin.com/showcase/visa-direct/

Time Stamps:

• 00:00:00 Cold Open
• 00:04:16 How Visa uses AI
• 00:06:46 Defining AI in Financial Services
• 00:11:44 AI and the increased security risk
• 00:12:57 How Visa keeps up with AI risk
• 00:14:27 What is a Money Mule?
• 00:15:15 Benefits of a big network
• 00:16:16 How Visa handles cyberattacks
• 00:18:31 Organized crime or individual crimes
• 00:20:50 How Visa stops scams
• 00:24:00 Visa Security Red Team
• 00:25:48 AI bias in the finance world
• 00:28:44 AI and gender bias
• 00:31:35 How Visa handles bias in AI
• 00:33:23 The future of AI in finance
• 00:36:15 Last Word

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our purpose is to uplift everyone, everywhere by being the best way to pay and be paid.

Season 2, Episode 2 of Money Travels presented by Visa.
#VisaDirect #MoneyMovement #MoneyTravels

In today's internet age, our identity has gone digital. We use our email addresses, phone numbers, social media account logins, and even digital versions of our biometrics to identify ourselves and these digital identifiers can be sent anywhere to anyone. In this episode, we're going to explore digital identity and financial fraud and how bad actors are taking advantage of the shift to synthetic versions of ourselves. We will talk with Tim Sini, who investigated synthetic identity theft and fraud when he was New York district attorney and Matthieu Charpentier, Vice President and Global Head of Authentication & Identity to talk about what Visa and Visa Direct are doing to help mitigate risk and the challenges of adding security measures in an environment where end users are used to a pretty frictionless experience. We even explore the ways in which generative artificial intelligence is shaping the landscape. Listen now.

Learn more about Visa Direct:
https://corporate.visa.com/en/products/visa-direct/money-travels.html

Connect with Visa Direct on LinkedIn:
https://www.linkedin.com/showcase/visa-direct/

Time Stamps:

• 00:00:00 Cold Open
• 00:02:44 How technology has transformed identity theft
• 00:03:50 What is synthetic identity theft
• 00:06:29 How Visa's helping secure money movement
• 00:07:18 Our digital identities
• 00:08:55 The evolution of digital identities
• 00:10:47 How is Visa helping clients with digital identity fraud
• 00:14:19 What is authorized fraud scams?
• 00:17:00 Managing security friction with ease of use
• 00:20:40 Geographical differences with digital identity
• 00:23:25 Will we have a Digital Passport?
• 00:24:55 Long-term fraud risk with digital identity
• 00:27:30 Cyber-security and generative AI scams
• 00:29:43 How Visa keeps trust with scams and fraud
• 00:31:50 The Last Word: Fighting fraud

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our purpose is to uplift everyone, everywhere by being the best way to pay and be paid.

Season 2, Episode 1 of Money Travels presented by Visa.
#VisaDirect #MoneyMovement #MoneyTravels

For Season 2 we're taking a broad look at the global money movement landscape and thinking about what changes the next year might bring. Where are the opportunities for growth? What kind of friction is still slowing things down? What might successful partnerships in money movement look like? To give us the bird's eye view, we talk to Luli Peyrelongue, Vice President at Visa Direct as the global head of market expansion. We also speak to Devie Mohan, an influential writer, speaker, and commentator on fintech who has been listed as a top 10 global fintech influencer. She's the co-founder and CEO of Burnmark, a fintech research company, and has helped several banks, fintech startups, innovation groups, and investors understand trends in the industry.

Learn more about Visa Direct:
https://corporate.visa.com/en/products/visa-direct/money-travels.html

Connect with Visa Direct on LinkedIn:
https://www.linkedin.com/showcase/visa-direct/

Time Stamps:

• 00:00:00 Cold Open
• 00:02:35 Predicting the future of money movement
• 00:08:20 A content creator's story
• 00:09:12 Collaboration is key for money movement
• 00:12:05 A Korean student's exchange rates story
• 00:13:03 Fluctuation of currencies
• 00:18:50 A coffee importer's story
• 00:20:30 Why interoperability is important
• 00:25:37 Digitization money movement trends
• 00:29:48 Benefits of real-time for B2B
• 00:30:39 Closing Thoughts

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our purpose is to uplift everyone, everywhere by being the best way to pay and be paid.