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August 24, 2021

MovoCash partners Fiserv to add money movement options for customers

By Shalini mani

US-based fintech firm MovoCash has partnered with payments and financial services technology Fiserv to provide customers with new money movement options.

The partnership will see Movo leveraging Fiserv’s Accel debit payments network. Accel debit payments network is designed to deliver real-time payments and funds access services.

Additionally, customers will be able to access more than 37,000 surcharge-free ATMs throughout the US via MoneyPass from Fiserv.

MovoCash is the developer of an on-demand mobile banking solution with end-to-end contactless payment services.

It allows customers to deposit, pay, receive, save, send and spend money. The fintech also enables users to mint and convert cryptocurrency to USD through their mobile phones.

Movo founder and CEO Eric Solis said: “At Movo, it is our mission to help connect everyone with secure, convenient and affordable digital banking solutions by providing them with a fast and easy way to access their funds on demand.

“Working with Fiserv allows us to offer card, payment and network solutions under one digital roof, which translates into intuitive, convenient, secure solutions for today’s mobile banking consumer.”

As part of the tie-up, Fiserv will also offer a suite of card products and services to Movo.

Fiserv head of Card Services Himanshu Patel said: “Movo is shaping a reimagined and immersive financial services experience by delivering on-demand fintech solutions through the channels in which their customers prefer to interact.

“We look forward to kicking off our partnership with the MOVO team to support their mission of delivering the personalised financial services experience people expect from a next-generation digital banking provider.”

Recently, Fiserv’s Carat expanded its digital payout options to businesses to facilitate payments to PayPal and Venmo accounts.

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