At either end of every payment journey, there are two people. It’s humans that drive the constant flow of money from neighbor to neighbor, city to city, and country to country. And as the needs of those people evolve, solutions will have to innovate and adapt. Biweekly paychecks are already on their way out, and Visa has their eyes set on what’s coming next.
One almost certain evolution will be broader choices for workers—not only in where they work but how they get paid. “Workers need their money fast but they also need choices,” says Mrs. Stiller. “Do they want it to go to a Visa debit card? Do they want it to go to an account? Do they want it to go to a wallet? We’re building the infrastructure and investing into expanding our network to reach a diversity of endpoints that reflect preferences.”
As those workers feel more empowered to get paid on their own schedule, businesses will need turnkey solutions that help them pay a globalized workforce on a local scale. The payment stack that facilitates flows from businesses to employees will continue to gain inertia and importance, with solution providers like DailyPay and Tabapay playing increasingly vital roles. Visa Direct is helping provide the infrastructure for those nodes to grow on, giving a global network of businesses, payment providers, and acquirers the rails they need to succeed.