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Payfare Expands Collaboration with Visa in the U.S.
Payfare Inc., a leading fintech powering instant payout and digital banking solutions for the gig workforce, today announced the expansion of its collaboration with Visa in the U.S. After obtaining its Visa Ready for Fintech Enablers certification and expanding its platform with Visa SavingsEdge in 2021, Payfare will now add Visa Direct1 to its platform to help facilitate real-time payout experiences for gig workers.
Visa Direct, Visa’s real-time push payments platform, facilitates money movement to billions of endpoints worldwide through a single integration. A Visa survey of gig workers worldwide showed that 89 percent of respondents indicated they were likely to sign up for real-time payments, while 66 percent responded that they would select gig companies who offered real-time payments instead of others3.
“We are excited to expand our collaboration with Payfare to help enable fast access to funds for their U.S. customers through Visa Direct,” said Ruben Salazar, SVP, global head, Visa Direct. “By working with Visa, fintech companies like Payfare can help transform traditional payment processes into differentiated digital experiences to better support the financial health of today’s global gig workforce.”
“We have recognized that workers joining the gig economy are entrepreneurs not only seeking flexibility in their work schedule, but also in how, and how fast, they are paid,” said Marco Margiotta, CEO and Founding Partner of Payfare. “We look forward to expanding our relationship with Visa, as the integration of Visa Direct on Payfare’s platform will enhance access to real-time payments for workers in the growing gig economy while better supporting their financial well-being.”
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Evertec Announces Closing of Controlling Stake in Tecnobank, Expanding Product Offering in Brazil
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EXCLUSIVE: “Stable & Secure?” – Simone Loefgen, Commerzbank in ‘Discover Sibos 2025’
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CBI Drives Verification of Payee Compliance in Italy
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Lastro Secures $15M Series A Led by Prosus Ventures to Scale its AI Agent, Empowering Over 2M Homebuyers
Lastro, a Brazilian artificial intelligence proptech, announced a Series A round of $15 million led by Prosus Ventures, a global tech operator and investor and major shareholder in iFood and OLX. FJ Labs and Endeavor Scale-Up Ventures also participated in the round, along with existing investors Canary, QED and 1Sharpe Ventures.
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EXCLUSIVE: “Scaling Safely – Without Debanking” – Imam Saygili, Flagright in ‘The Fintech Magazine’
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APIs Driving Embedded Finance Innovation
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