💥 USA 🇺🇸: Visa Direct to revolutionize transfers with bank deposits in under a minute

💥 USA 🇺🇸: Visa Direct to revolutionize transfers with bank deposits in under a minute

Visa Direct will allow consumers, businesses, and governments to send funds to bank accounts linked to eligible debit cards in real time. This service will be available starting April 2025.

➡️ Visa Direct already covers 99% of U.S. bank accounts and provides access to over 11 billion endpoints globally, including cards, bank accounts, and digital wallets.

➡️ Context: The U.S. fast payments market is growing at an annual rate of 31%, projected to surpass $58 trillion USDin transactions by 2028. Key competitors include FedNow and RTP.

➡️ Relevant fact: The U.S. has the Faster Payments Council (FPC), a government-backed organization promoting modernization in payment systems. Additionally, the market is regulated by the Consumer Financial Protection Bureau (CFPB) to ensure strong protection standards.

#news #USA

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