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DailyPay Launches International Remittances on Its Platform

Author

Slice of Finance Team
29 Oct

Key Highlights:

  • DailyPay introduces International Remittances, expanding global access to earned wages.

  • Instant money transfers to over 70 countries via Visa Direct and ReadyRemit.

  • Enhanced financial wellness for workers, avoiding payday delays and fees.

  • Supports DailyPay’s platform, including the Visa Prepaid Card and Credit Health.

  • $200B in annual remittances from U.S. to worldwide family and friends.

Source: Direct

Notable Quotes:

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"We are committed to identifying new and highly impactful ways to make DailyPay's platform relevant, meaningful, and easy to use for our customers and their everyday needs."

Jack Rubin, SVP of Consumer Financial Solutions at DailyPay
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"By embedding the ability to send money to cards and accounts in more than 70 countries, in real-time, within the app, Visa and DailyPay will be making a real difference for workers around the world."

Yanilsa Gonzalez-Ore, North America Head at Visa Direct

Our Take:

DailyPay’s launch of International Remittances is a significant addition to its worktech offerings, directly addressing a critical need for fast, accessible global transfers. The partnership with Visa and Brightwell exemplifies DailyPay’s commitment to leveraging advanced fintech solutions to ease financial burdens on workers, particularly in meeting the growing demand for global remittances. This new feature not only enhances DailyPay’s appeal as a financial wellness benefit for employers but also solidifies its reputation as an innovative leader in the on-demand pay sector.