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Finally, Newkirk explained that Visa Direct will spearhead Visa’s drive for better domestic and cross-border money movement, empowering all payment flows including P2P, B2B, G2C and B2C, and putting the power of money movement in its clients’ hands.
The 2020 State of Disbursements: APAC Outlook Report by Rapyd has revealed the existing and preferred methods for getting paid across several transaction scenarios such as& P2P, B2C, B2B, and G2C.
said its moving beyond face-to-face transactions by becoming the rails to eCommerce, mCommerce transactions and peer-to-peer (P2P) transactions. In addition, Visa is becoming the rails for government-to-consumer transactions (G2C) and business to business (B2B) transactions.
Peer-to-peer (P2P), he said, is about $20 trillion, and encompasses remittances. McInerney also pointed to government to consumer (G2C), which is a “more nascent” market, with presence in government benefits and tax refunds.
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