Visa is partnering with a host of financial service and payment companies for a new interoperable peer-to-peer (P2P) payment offering, one that allows people to transfer money to friends even if they use a different payment service.<\/p>\n

While digital payments have inarguably transformed the world of commerce, the sheer number of payment apps out there has hindered people\u2019s ability to send money to other people without a little friction. If they\u2019re both using PayPal, things work well. But if they\u2019re not, then they either have to do a bank transfer or juggle multiple different P2P payment apps.<\/p>\n