The granting of the AFS licence follows the appointment of Nick Briscoe as Country Manager, Australia, in January.
Currencycloud clients can offer customers a competitive fixed FX rate after the markets close on a Friday evening.
The acquisition will empower Visa and Currencycloud clients to provide greater transparency and flexibility for consumers and businesses.
BnkPro will offer to the mass affluent segment of the market private banking-like services through a simple and intuitive app.
Visa Inc will acquire Currencycloud in a deal that values Currencycloud at £700 million, inclusive of cash and retention incentives.