DailyPay Adds Visa+ to Facilitate Person-to-Person Payments

DailyPay has joined forces with Visa+ to offer millions of its users a more interoperable and efficient means to manage their earnings.

For DailyPay users, the integration of Visa+ into DailyPay’s offerings means users can now deposit their earned wages directly into Visa+ linked accounts, well ahead of the traditional payday schedule, DailyPay said in a Wednesday (March 6) press release.

From there, the users can leverage other person-to-person (P2P) digital payment apps, according to the release.

“We are thrilled to be part of the launch of Visa+, which will allow DailyPay’s millions of users to move money quickly, safely and securely between DailyPay and other world-leading person-to-person digital payment apps, as part of this game-changing new platform,” Dekel Beeri, vice president of product strategy at DailyPay, said in the release.

Visa+ was launched late last year with an aim to break down the barriers between different payment services, fostering a world where transactions across platforms are as straightforward as those within a single app, according to the release.

This initiative not only benefits consumers by offering them greater flexibility and control over their finances but also plays a significant role in enhancing the operation of payment app providers, the release said.

Visa launched Visa+ in April 2023, saying the service would initially link Venmo and PayPal and then branch out to include other Visa partners, essentially unbundling the act of moving money to and from a P2P network from any P2P network.

The service overcomes a key friction in P2P payments — having to be part of a P2P network to move money, Vikram Modi, head of Visa+, told PYMNTS’ Karen Webster in an interview posted at the time of the launch.

The addition of Visa+ to DailyPay empowers consumers to meet their financial obligations on time and provides them the liberty to spend, save or share their earnings with friends and family at their convenience, according to the DailyPay press release.

This new offering joins DailyPay’s financial wellness benefit that facilitated transactions amounting to $19 billion on its work tech platform in 2023, underscoring the pivotal role of earned wage access as a fundamental benefit for American workers, the release said.