Visa Direct to Enable Delivery of Money Within 1 Minute

Core Insights - Visa will enable faster money delivery through Visa Direct, allowing funds to be available in U.S. bank accounts within one minute starting April 2025 [1] - This initiative aims to enhance real-time payment capabilities, improving user experience and operational efficiency for consumers, businesses, and governments [2][3] Visa Direct Overview - Visa Direct processes billions of real-time transactions in the U.S., with a reported 38% growth in transactions during the fiscal fourth quarter, reaching 2.8 billion, and nearly 10 billion for the entire year [2][5] - The faster fund delivery will support various use cases, including bill splitting, account transfers, insurance payouts, wage access, government benefits, healthcare payments, and tips [2] Consumer Preferences - A PYMNTS Intelligence report indicates that 68% of consumers prefer instant payments for all disbursements when available, and 41% are willing to pay a fee for this payment method [4] - The expectation for a seamless money movement experience is emphasized by Visa's commitment to innovation in payment solutions [6]