Pathward Financial, a US financial holding company operating through its subsidiary Pathward, N.
A., and TabaPay, a money movement platform, have extended their partnership through 2031 to expand faster payment capabilities across various lending and money movement use cases.
The renewed agreement is designed to support the development of payment solutions, with a focus on lending disbursements, cross-border money movement, and preferred account funding. Both companies aim to address evolving requirements from consumers and businesses in the financial sector.
Under the expanded partnership, Pathward will continue its role in providing acquiring sponsorship for TabaPay, facilitating two-way money movement capabilities. TabaPay intends to leverage this infrastructure to support direct-to-consumer services, including early and earned wage access, instalment loans, and loan repayments, alongside other payment flows. Loan proceeds can be distributed through the ACH network and push-to-card payments, while repayments are supported via ACH and acquiring.
In certain lending arrangements, Pathward also provides credit sponsorship for lending partners, with TabaPay managing the underlying money movement infrastructure. The companies have collaborated since 2020, initially concentrating on faster transfers to eligible network-branded cards through Mastercard Move and Visa Direct. The extended agreement introduces additional payment capabilities, such as PULSE Disbursements, which now enable payments to Discover Network branded cards.
Pathward Financial operates as a US financial holding company dedicated to expanding financial access through its payments and lending services. Pathward, N.
A. delivers services across its Partner Solutions and Commercial Finance business lines. Will Sowell, Pathward’s chief customer officer, stated that the company is “thrilled to deepen our existing relationship to support additional use cases so that we can expand our businesses and introduce services to new markets.” He added that “Together, Pathward and TabaPay are unlocking multi-threaded opportunities to help clients grow, adapt, and deliver faster, more seamless money movement experiences.” The bank’s risk and compliance infrastructure is intended to support payment innovators.
TabaPay provides money movement technology to regulated and emerging sectors, including FinTech, lending, and platform businesses. The company specializes in instant money movement infrastructure designed to operate within complex regulatory environments, supporting services such as funds disbursements, account-to-account transfers, person-to-person payments, and merchant disbursements and settlements. Manoj Verma, TabaPay’s co-founder and chief revenue officer, noted, “Pathward offers a multi-threaded approach to support various products, and our relationship has helped us further our mission of simplifying reliable, instant money movement.” He further explained that as “seamless money movement grows more complex, our partnership extension is an important component of delivering sustainable faster payment options across new use cases that meet the evolving needs of consumers and businesses alike.”
