How Visa Direct Is Modernizing Money

The flow of money is central to modern life. Banks and payments companies play extremely important roles in everything from receiving a paycheck to shopping online. This has never been more true than with the advent of COVID-19.

Unfortunately, our payments system has been falling behind. Traditional clearing houses and international transfer systems take days to send money, which is simply too slow for the digital age. Fortunately, Visa (NYSE: V) has been working to improve the system. One of its recent innovations is a peer-to-peer (P2P) payment solution called Visa Direct, which has the promise to send money to anyone in the world faster and cheaper.

Image source: Getty Images.

Source Fool.com