Tuesday, Jul 2nd 2019
PayPal and Visa Launch Instant Transfers
UpdatePayPal and Visa have joined forces to offer faster payments to consumers in Canada.
On Tuesday, PayPal finally launched its Instant Transfer product for consumers and small businesses in Canada.
This product is powered by a real-time push payment solution provided by another Titan portfolio company, Visa.
Visa is primarily known as a card payments processor, but has also been key in providing the back-end technologies that enable consumer-facing innovations like instant transfers.
This product launch marks the broad completion of PayPal's instant fund transfer rollout, with the service now being available in most of PayPal's core consumer markets.
We believe this move helps bolster the value proposition of PayPal's robust payment network and competitive moat, while highlighting the role of Visa as an key behind-the-scenes enabler / "toll road" in consumer payments markets.
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