Visa is partnering with a host of financial service and payment companies for a new interoperable peer-to-peer (P2P) payment offering, one that allows people to transfer money to friends even if they usea different payment service.
While digital payments have inarguably transformed the world of commerce, the sheer number of payment apps out there has hindered people’s ability to send money to other people without a little friction. If they’re both using PayPal, great, but if they’re not then they will either have to do a bank transfer or juggle multiple different P2P payment apps.
Visa+, as Visa’s new service is called, is designed to solve that problem. Later this year, Visa+ will power a new integration allowing Venmo and PayPal users in the U.S. to transfer m...
