As Visa+ Comes to PayPal and Venmo, Interoperable Cross-Border Payments Gain Ground

Interoperability in payments — paying anyone, anywhere, no matter the network — remains a Holy Grail in payments.And interoperability is a work in progress. But bit by bit and app by app, cross-border, cross-network and cross-wallet compatibility is being forged.This week, PayPal and Venmo began offering Visa’s peer-to-peer (P2P) payment system, Visa+. The announcement built on earlier news that Astra, Brightwell, Cross River Bank and Fiserv plan to implement Visa+ APIs for their digital wallet and merchant ...