admin DailyPay, headquartered in New York City and a pioneer in worktech solutions, has unveiled a significant new feature on its platform: International Remittances. This move aligns with the company’s recent international expansion efforts, allowing DailyPay users to send money seamlessly across borders. With this integration, users can transfer their earnings to family and friends worldwide from a single app, bypassing the wait for traditional paydays. Powered by ReadyRemit by Brightwell and Visa Direct, the feature enables real-time, cross-border transfers with just a tap.
Jack Rubin, SVP of Consumer Financial Solutions at DailyPay, shared the motivation behind this innovation: “We aim to make DailyPay’s platform relevant and impactful, giving users the tools to meet their everyday financial needs seamlessly. This remittance feature makes cross-border payments as easy as a tap.” As a leading provider of on-demand pay solutions, DailyPay has redefined how employees access wages, building stronger relationships between employers and their workforce.
Strengthening Financial Wellness for a Global Workforce
The new International Remittances feature taps into a vast demand for secure and immediate cross-border payments, with U.S. consumers sending over $200 billion in remittances annually. Expanding its longstanding partnership with Visa, DailyPay now offers users the ability to send funds to over 70 countries, bolstering its platform’s mission to enhance financial security and wellness. Yanilsa Gonzalez-Ore, North America Head of Visa Direct, highlighted the importance of this feature, noting that the partnership allows workers worldwide to manage their finances easily and securely.
The remittance function joins other financial tools within DailyPay’s platform, including the DailyPay Visa Prepaid Card, Credit Health, and its signature earned wage access solution. Research from 2023 underscores the impact of DailyPay’s offerings, showing that users often avoid late fees and reduce credit card debt, a testament to the company’s commitment to supporting financial stability. By providing a powerful, user-centered suite of financial tools, DailyPay continues to empower employees across the globe to manage their finances with ease and confidence.
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