- United Bankers’ Bank has partnered with Pidgin to provide real-time payment services to more than 1,000 community banks across North America.
- The deal was driven by United Bankers’ Bank’s desire to deliver the fast and secure online money transfers that customers and businesses crave.
- Several transaction types will be supported, including business-to-business and peer-to-peer.
United Bankers’ Bank has partnered with Pidgin to provide real-time payments at more than 1,000 community banks across North America.
United Bankers’ Bank stated that changes in the market driven by both consumers and businesses demanding a speedy and secure money transfer service prompted it to seek a viable solution.
Through the partnership with Pidgin, a leading fintech firm with a real-time payments platform, the bank expects to be able to increase the scale, quality and speed of transfers for its customers while reducing costs.
The partnership covers a range of different transaction types, including business-to-business, consumer-to-business and peer-to-peer.
United Bankers’ Bank was also enticed by Pidgin’s innovative payment methods, which are more robust than other virtual wallet alternatives.
Executive vice president Mary Williams said: “Consumers and businesses alike increasingly expect faster and more convenient ways to send and receive payments. That’s why we’re partnering with Pidgin. We’re excited to make this available to our community bank members and help them offer the services their customers expect.”
Pidgin’s Abhishek Veeraghanta also said that the firm was excited to work with United Bankers’ Bank to deliver faster payments at a time when the global market for real-time money transfers is set to grow 33% annually through 2028.
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