This chapter seeks to explore whether international business undergraduate students from two countries evidenced characteristics associated with intercultural competence after participating in a virtual exchange. The intervention was between students with equivalent thematic units who worked together to discuss and produce a collaborative video on ways companies enter into international markets. Using a mixed method approach, data were collected through professor written reflections, student focus group, written reflections, and a questionnaire. Results show that virtual exchanges have a great potential to foster both discipline learning and intercultural competence, but non-disciplinary relationships are also required for these to occur. Culturally, students found similarities that facilitated interaction, fostered positive attitudes, and encouraged their own cultural recognition and that of their peers. Several implications regarding technological and pedagogical aspects are described.