Visa has signed an agreement with courier network Postmates to facilitate real-time funds disbursement to their entire fleet via Stripe.

The new Postmates Instant Deposits feature leverages Stripe’s Instant Payouts solution that runs on Visa’s real-time push payments platform Visa Direct.

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Postmates Instant Deposits is currently available for more than 200,000 Postmates fleet across the US.

Stripe Instant Payouts will now provide Visa cardholders in the fleet with real-time access to their earnings, instead of the usual waiting period of 4-7 business days to receive payouts.

Visa senior vice-president and head of North America Push Payments Cecilia Frew said: “As we see the on-demand economy gain momentum, Visa Direct’s real-time funds disbursement capability allows funds to be available to individuals in minutes – including nights, weekends, and holidays- providing flexibility and choice for workers to access their earnings.

“Faster access to money matters and Visa Direct is uniquely positioned to help companies like Postmates who have a growing and on-demand workforce.”

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Postmates vice-president of product & design James Butts said: “Teaming up with Visa and Stripe to give our more than 200,000 ‘postmates’ what they need, real-time access to their earnings, was an easy decision.

“As the originators of on-demand ‘anything,’ Postmates offers the ultimate in convenience, and with Instant Deposits, we can extend that convenience to our fleet.”