DailyPay has introduced International Remittances on its worktech platform, marking a significant expansion of its services. This new feature allows users to seamlessly transfer their earnings to family and friends abroad with just a tap. Powered by ReadyRemit by Brightwell and Visa Direct, the feature makes sending international payments faster and more accessible.
Benefits of DailyPay’s International Remittances
Through this feature, DailyPay users can access their earned wages and transfer funds globally without waiting for their scheduled payday. The integration with Visa Direct enables real-time payments across 70 countries, enhancing convenience for employees with international ties. DailyPay aims to leverage the $200 billion remittance market in the United States, helping users support their loved ones securely and efficiently.
Jack Rubin, SVP of Consumer Financial Solutions at DailyPay, explains, “Our goal is to make the platform meaningful and easy to use for daily financial needs, like sending payments overseas instantly and securely.”
Supporting Financial Wellness
DailyPay’s International Remittances join a suite of financial wellness tools, including the DailyPay Visa Prepaid Card, Credit Health, and Earned Wage Access. Studies from 2023 show that DailyPay helps employees manage their finances more effectively, reducing the need for late fees and credit card debt. In fact, 70% of DailyPay users report fewer or no late fees, while 62% incur less credit card interest.
Visa’s North America Head, Yanilsa Gonzalez-Ore, adds, “Visa is committed to empowering people to manage money simply and securely. DailyPay’s integration of Visa Direct for real-time international payments makes a real difference for workers worldwide.”