Visa (NYSE: V) is a world leader in digital payments, facilitating payments transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. For more information, visit our webpage and learn more about how Visa+ works: /visa+.

General availability is planned for mid-2024. Visa+ is expected to launch for US consumers with select partners in late 2023. “We are delighted to partner with Visa on its new product launch of Visa+ to deliver upon that mission and offer new innovative payment options for our customers.” “Western Union’s mission is to deliver accessible financial services around the world,” said Thomas Mazzaferro, Chief Data and Innovation Officer at Western Union. This new and innovative solution for the fintech community will remove friction and make instant money movement easier for our clients and their customers.” “As one of the largest processors for Visa Direct, we are excited to expand our relationship with Visa. Visa+ is significant progress towards achieving that goal,” said Tim Astanov, Head of Commercialization at TabaPay. “We started TabaPay with a goal to make instant payments simple, reliable and universal.

“We’re excited to be a part of this forward-thinking initiative and to continue to be an innovation partner to Visa,” said Ava Kelly, chief product officer for i2c Inc., adding, “We continuously strive to help banks, credit unions and fintechs remove friction from the customer experience and make the ‘how’ of moving money an afterthought.” And through participating wallets, their earned wages could be available the moment they earn it using DailyPay and Visa+.” “By empowering workers with choice and control over their earned pay, we enable them to pay bills on time, spend, save, or invest on their own schedule. “We are honored to partner with Visa on our mission to make Earned Wage Access available to everyone, everywhere,' said Kevin Coop, CEO, DailyPay. 1 Visa+ serves as a bridge that helps bring a new level of convenience, simplicity and reach to the world of person-to-person payments. Faster Payments Council, interoperability is considered one of the most important topics in the payments industry. Through this collaboration, Visa+ can help break down barriers for payment app users as they connect, engage and move money.”Īccording to industry group U.S. “We are thrilled to partner with like-minded innovators to broaden the reach of P2P payments across platforms. “Consumers continue to seek simple and seamless ways to digitally move money between friends and family, including the ability to send money between different payment platforms,” said Chris Newkirk, Global Head of New Payment Flows at Visa. Participating digital wallets, neo-banks and other payment apps, reaching millions of US users, will be able to enable interoperability through Visa+. Through this collaboration, Visa+ will expand its reach and enable more use cases, including gig, creator and marketplace payouts. Visa+ will not require users to have a Visa card instead, by setting up a personalized payment address linked to their Venmo or PayPal account, individuals using either app will be able to receive and send payments quickly and securely between the platforms.Īs part of a joint effort to build interoperability across payment platforms, Visa partners DailyPay, i2c, TabaPay and Western Union, will also integrate Visa+ within their platforms. Later this year, Venmo and PayPal users in the US will be able to start moving money seamlessly between the two platforms. Today, Visa announced it is partnering with PayPal and Venmo to pilot Visa+, an innovative service that aims to help individuals move money quickly and securely between different person-to-person (P2P) digital payment apps. Introducing Visa+, a new service that will allow friends, family and just about anyone to send and receive money across digital payment platforms

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