NEW YORK — November 2, 2026 — Magellan today announced a collaboration with Visa to power global commercial cards for scaling businesses.
The collaboration brings together Visa's global network and Magellan's commercial credit and real-time payments platform. Magellan is making it easier than ever for businesses to scale across borders and hold, move, finance and spend their money.
Commerce went global a generation ago, but financial services never followed. A company can now sell into dozens of markets from day one, yet its bank still stops at the border. Working capital is constantly stretched, and sits idle in the wrong currency.
Magellan exists to close that gap. Its ambition is to be the one financial platform a business needs to operate in any market it enters: where money is held, converted, moved, financed and spent. Finance teams use Magellan for commercial credit and liquidity where the cash is needed, alongside a full suite of financial products including global accounts, wholesale FX, and real-time payouts across bank, card or stablecoin rails.
The collaboration with Visa, whose network is accepted in more than 200 countries and territories, carries that ambition further.
"The best companies today are global from day one. We started Magellan to give these businesses a financial platform as ambitious as they are. Collaborating with Visa, the network businesses trust everywhere, puts Magellan at the center of how our companies earn, move, finance and spend money across borders. Our customers want to go further. So do we."
— Paiak Vaid, Founder and CEO of Magellan
About Magellan
Magellan is a global payments and credit platform for businesses operating across borders. It helps growing businesses access liquidity, deploy credit, and automate financial operations in real-time across 30+ currencies. Learn more at magellanpayments.com.