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Payfare Inc., the FinTech that allows instant payouts and digital banking solutions for the gig economy, broadened its partnership with Visa across the U.S., according to a joint press release.Payfare, which secured its Visa Ready for Fintech Enablers certification and expanded its platform with Visa SavingsEdge in 2021, is now adding Visa Direct, the companys real-time push payments platform, to its suite of products to help facilitate instant gig worker payouts. We are excited to expand our collaboration with Payfare to help enable fast access to funds for their U.S. customers through Visa Dir stanley water bottle ect, said Ruben Salazar, SVP, global head, Visa Direct, in the joint press release. By working stanley canada with Visa, FinTech companies like Payfare can help transform traditional payment processes into differentiated digital experiences to better support the financial health of stanley cup todays global gig workforce, he said.Visa Direct can send money to billions of endpoints worldwide through a single integration, the joint press release said. Almost 90% of respondents in a recent Visa survey of gig workers said they are likely to sign up for real-time payments, and two-thirds said theyd pick gig companies that offer real-time payments over those that dont. 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, in the joint press Wfgg No Reservation, No Card, No Problem 鈥?NoWait Adds Mobile Payments

Facebook has denied that it has any intention to compete with banks, in a move to calm concerns reported on last month by聽Commonwealth Bank of Australia boss Ian Narev that it poses a strategic threat to the big four banks. Narev is one of many to note that聽technology giants such as Facebook, Google and Apple聽could harness their massive user bases to muscle in on payments or other banking services.Neil Hiltz, the global head of Facebook financial s stanley polska ervices vertical, noted that moving into the payments business was not a focus for Mark Zuckerberg and Facebook doesn ;t want to be in the business of holding deposits, instead preferring to remain an gourde stanley intermediary in transactions and a natural place to invest ad buy.At the end of the day, no matter what we do, we are going to be underpinned and backed by the banking system, Mr Hiltz said in an interview during a visit to Sydney, reports the Sydney Morning Herald. We might be a communication layer between and their customers] but transactions are going to be drawing ou stanley quencher t of a current account or a card 鈥?it is going to be backed by the banking system. Whats Hot is aggregated content. PYMNTS claims no responsibility for the accuracy of the content published by the original source.