The companies unveiled a plan to allow people to send money to Visa debit cards across borders through the Visa Direct push payment service. Visa Direct powers payments platforms such as Square’s credit card readers and Uber’s payments to drivers.
Out of the gate, users will only be able to send money from the US to debit card holders in other countries. Remitly and Visa aim to add more sender countries to the programme in time.
Remitly’s technology helps eliminate the need for forms, codes, agents, and other fees typically associated with the international money transfer process. The company allows free transfers if the sender can wait three days for the funds to arrive; it charges a USD 3.99 flat rate for same-day transfers and credit card transfers include an additional 3% fee.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.