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Goldman Sachs Inks Visa Deal for Corporate Payments Push

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WATCH: Visa Inc. CFO Vasant Prabhu discusses the company's new partnership with Goldman Sachs Group Inc. to build out a newly formed transaction-banking arm.(Source: Bloomberg)
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Goldman Sachs Group Inc. inked a partnership with Visa Inc. as it builds out its newly formed transaction-banking arm.

The bank is using Visa capabilities that allow Goldman’s corporate clients to easily send and track high-value payments to other businesses overseas, according to a statement on Monday. Goldman agreed to the deal after talking with more than 100 clients.