Ingo Payments, a provider of embedded banking and money mobility solutions, has announced a new partnership with Elektra USA, the financial technology company behind the Elektra Go app, to enable real-time account funding for U.
S.-based Elektra Go customers.
Elektra USA focuses on delivering secure, convenient, and cost-effective financial services to the Hispanic community across the U.
S., Mexico, and Latin America. The company recognized Ingo’s instant funding solution as an opportunity to enhance the Elektra Go user experience, specifically for sending remittances abroad faster.
Traditional account funding methods can be slow and inefficient, creating friction and limiting the usability of accounts. In contrast, Ingo’s instant account funding solution allows Elektra Go users to pull funds directly from their debit cards and transact immediately.
Maribel Soto, Head of Product at Elektra USA, stated, “With Ingo’s instant account funding solution, we provide users with an instant and frictionless remittance payment experience. This partnership strengthens our commitment to delivering accessible, fast, and secure financial services to Elektra Go users and the Hispanic community, empowering them to live their dreams.”
Drew Edwards, CEO of Ingo Payments, added, “Our collaboration with Elektra USA ensures accounts are instantly funded and fully functional right away, providing customers with real-time money mobility when it matters most.”
This collaboration addresses the demand for real-time financial solutions, allowing Elektra USA to meet consumer expectations and support efficient money movement across diverse communities.
Ingo Payments provides a full-service embedded banking platform for account funding, transfers, mobile deposits, payouts, digital wallets, and other financial solutions, built with embedded compliance and risk management.
Elektra USA (Fraternitas LLC d/b/a Elektra USA), headquartered in Dallas, Texas, is a financial technology company dedicated to connecting the Hispanic community in the United States with loved ones abroad through cross-border and U.
S. financial solutions.
