Global fintech behemoth FIS has signed a new partnership with Banked to expand pay-by-bank options for consumers and small businesses.
Banked has created an alternative payment rail based on account-to-account (A2A) connectivity and powers real-time payments through this technology.
This partnership is a coup for Banked as FIS is one of the largest publicly traded fintechs facilitating trillions of dollars in payments every year.
There have been predictions that 2024 will be the year A2A payments take off as we have seen several startups tackling this space as well as some other big-name partnerships here.
With more consumers using digital wallets as a payment tool all the pieces of the puzzle seem to be coming together for pay-by-bank to finally flourish in this country.
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> FIS Partners with Banked on Real Time Payments, Transfers
FIS has announced a partnership with Banked to offer a new “pay by bank” solution for both consumers and businesses.
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