The Balance Blog

Enterprises are looking for ways to offer financial features that keep customers engaged, make transactions seamless, and open up new revenue streams. It’s not just fintechs - insurance companies, retailers, wealth managers, and even nonprofits are all stepping into the space.

For companies that need to pay out large sums to multiple recipients - whether it’s insurance claims, gig worker wages, or vendor invoices - slow payments are a serious risk. Claims get delayed, loyalty takes a hit, and people start looking for faster alternatives.