Visa has terminated global debit card agreements with FTX #Visa #terminated #global #debit #card #agreements #FTX

NEW YORK, Nov 13 (Reuters) – Visa Inc (V.N), the world’s major payments processor, said on Sunday it was severing its world credit history card agreements with collapsed crypto trade FTX.

“The predicament with FTX is regrettable and we are checking developments intently,” a Visa spokesperson instructed Reuters.

“We have terminated our international agreements with FTX and their U.S. debit card system is remaining wound down by their issuer.”

FTX and Visa had announced an expanded partnership in early Oct, which includes plans to introduce account-linked Visa debit playing cards in 40 new international locations.

Reporting by Hannah Lang Enhancing by Jacqueline Wong

Our Standards: The Thomson Reuters Have faith in Ideas.

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