Onbe, a disbursements financial technology company, announces the launch of Send to Wallet.
An “early to market” offering, Send to Wallet, gives users the ability “to add their virtual card quickly, simply, and securely to their preferred mobile wallet, from a web browser, without downloading an app or inputting bank details.”
Users load their virtual card “directly into a mobile wallet by following prompts from a web browser email, or on a mobile phone – and with a few simple clicks, the card is ready to spend.”
This new offering complements Onbe’s existing mobile wallet “provisioning options, and delivers a smooth, modern experience for both merchants and the 73% of consumers in the US who prefer to shop and pay through digital methods.”
Currently in-market with key Onbe client HALO, a key market player focused on employee recognition, the Send to Wallet pilot program is “enabling thousands of individuals’ transactions.”
The pilot program “began in January 2023 and is available to nearly twenty thousand employees of a Fortune 50 company across the United States and administered through HALO.”
On average and when available, 90% of participants “choose an Onbe payment product and in this program, users can select Onbe’s Send to Wallet as one of a variety of virtual and physical card redemption options.”
Steven Trompeter, Vice President of Enterprise Sales at HALO, said:
“One of Onbe’s greatest offerings is delivering payment choice to the recipient, giving them the ability to use their funds however they choose, from online to in-store. Utilizing Onbe’s new Send to Wallet functionality, we’re able to deliver funds conveniently and securely to recipients’ digital wallets, on behalf of one of our Fortune 500 clients, without requiring users to download an app. We truly couldn’t ask for a better partner.”
Max Grande, Onbe’s Vice President of Product, said:
“At Onbe, we know that consumers expect fast access to their funds and we’re constantly innovating and developing new, secure and simple ways to do it. Send to Wallet is an early market solution that puts the fast, frictionless ability to add a virtual card to a mobile wallet with no app to download into a user’s hands, no matter if they are underbanked, unbanked, or someone who just wants immediate access to their funds.”
Consumers continue “to demand secure, digital payments while also using less and less cash, as Onbe’s 2023 Future of Payments survey found.”
Whether in the form of a refund, an incentive or income, it’s crucial for businesses and fintechs like Onbe to work together “to deliver disbursements quickly, securely and easily in the form of virtual payments, physical cards, as well as ACH.”
Onbe’s payment gateway solution “for corporate disbursements provides companies the tools they need to meet the evolving expectations of consumers today and tomorrow.”
For more details, check here.
