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Credit Libanais in partnership with Visa, has launched a new service that allows businesses and institutions in Lebanon to transfer US dollar payments abroad on the same day through the global Visa B2B Connect platform. The service aims to make international business payments easier and faster.
Credit Libanais is the first bank in Lebanon to launch this service providing companies a modern and secure way to make international transfers, helping them avoid the complications and delays that can come with traditional bank transfers.
Faster and easier payments for businesses
This new service enables credit Libanais business and institutional clients to make their international transfers directly from the bank’s online banking service through Visa B2B Connect which is a global network covering more than 100 countries and 40 major international banks.
International Transfers in US dollar can be completed on the same day, while euro transfers are completed on the next business day*.
Visa B2B Connect uses Visa’s advanced digital infrastructure and blockchain technology to protect and encrypt data, providing a high level of security and reliability.
Randa Bdeir: A new Step to support Lebanese Companies and facilitate their international Business
Commenting on the launching; Randa Bdeir, Deputy General Manager and Head of Electronic Payment Solutions at Credit Libanais, said:
“We are proud to be the first bank in Lebanon to offer corporate companies and SMEs this new service. It allows them to send US dollar payments abroad on the same day, with speed, security and transparency. In today’s business world, time is key to success. We wanted to give our clients a faster and more efficient way to make international payments. This helps them manage their businesses and cash flow better and makes it easier to work with partners around the world”.
“This launch reflects Credit Libanais’ ongoing commitment to offering advanced digital payment solutions. We use the latest global technology to help Lebanese businesses grow and compete.”
Visa: Strengthening the future of international payments
Mario Makary, Vice President and Country Manager for the Levant at Visa, said:
“At Visa, we focus on helping our clients meet their customers’ expectations by developing products that offer speed, transparency and security in every transaction.
“Credit Libanais’ launch of Visa B2B Connect gives businesses, including small and medium-sized companies in Lebanon, a modern way to make high-value international transfers. It offers upfront costs, clear payment information and more secure transfers that can be tracked from start to finish.
“We are proud to partner with Credit Libanais to help Lebanese businesses grow and compete in global markets.”
Through this initiative, Credit Libanais strengthens its role as a leading bank in developing new payment and international transfer solutions, using technology to support the Lebanese economy and business community.