Pathward, a U.S.-based financial empowerment company driven by its purpose to power financial inclusion, expanded its partnership with TabaPay, a money movement platform for merchants and fintech brands. The firms first announced partnering in 2020 and the deeper alliance provides added money movement capabilities to Pathward’s partners as they seek to integrate faster payment solutions to meet evolving consumer expectations.
By seamlessly connecting to the TabaPay platform to perform push and pull payments for its partners, Pathward aims to build on its banking as a service offering to provide fintechs a more complete end-to-end solution. Current capabilities include payment, issuing, acquiring, processing, credit and tax solutions.
“Leading players from across the fintech ecosystem are looking for an easier way to move money,” Will Sowell, divisional president of banking as a service at Pathward, said. “TabaPay is one of the leading payments platforms providing a frictionless path to push and pull funds to make payments instantaneous. Pathward looks forward to expanding our partnership as we jointly drive toward making the financial system accessible for more consumers and commercial arrangements regardless of how they transact.”
Through the TabaPay platform, Pathward’s partners will be able to perform account-to-account transfers, corporate disbursements, account loads and unloads and payouts instantly. The company’s all-in-one processing platform is designed to support any use case and payment medium. With TabaPay, customers gain access to a comprehensive suite of payment solutions that simplify processing, liquidity management, reconciliation and settlement and provide least cost routing, among other processes critical to the payments ecosystem with a unified API.
“Partnering with Pathward, a leading bank to fintech firms, payfacs, ISOs, and other merchants, aids in our mission to make money movement instant,” Manoj Verma, co-founder and CRO at TabaPay, said. “Together, we can empower their partners across all industries with faster payment options and best-in-class rails that meet the ever-evolving needs of today’s consumers.”
