AUB partners news

The world is experiencing unprecedented times when, amid trade wars, it is particularly difficult for international businesses to plan for growth and development. However, the demand for increased efficiency remains unchanged at all times.

In the first quarter of 2025, ASVIO Bank presented its customers with an innovative service – VISA B2B CONNECT. The international payment system Visa Inc. has created, in their own words, the future of global business payments, taking technology to a new level of manageability and predictability, which significantly increases the efficiency of work for all participants in the process.

As Vitaliy Martynovich, Deputy Chairman of the Board of ASVIO Bank, points out: "In the first five months of this year, the total amount of currency transfers made is about 30 million. The main currencies are EUR/USD, which is quite predictable. The tool proved to be so convenient that 70% of users began to use the service on a regular basis, giving preference to Visa B2B Connect."

What are the main features that attract global businesses? With the new service, payments are sent directly from the sending bank to the receiving bank, avoiding correspondent accounts in the payment chain. As a result, there is no possibility of losing time when processing payments by correspondent banks, and the likelihood of delays and sometimes even cancellation of transactions is minimized. Companies avoid paying additional commissions and conversion losses. Irrevocable payments with Visa B2B Connect are processed within an hour, funds are received in full, and the time of their receipt is always clearly defined.

The Bank's experts are confident that an increase in market offerings is always a good sign. Customers need new technological tools to develop business relationships with the world. According to Payoneer's annual SME Ambition Barometer: “Despite the extremely difficult business conditions, Ukrainian small and medium-sized businesses are making significant progress in expanding their global presence. 61% of the customer base of Ukrainian SMEs is international, which is one of the highest figures among the 15 countries surveyed.” With Visa B2B Connect, there are no limits on transaction amounts, expenses and terms are predictable, network information is transparent, and payment status is tracked in real time. All of this contributes to the quality of planning, financial stability, and overall business efficiency.

At the same time, ASVIO Bank provides your company with an individual approach, a loyalty program, a personal currency consultant, and always favorable exchange rates.