I’m happy to announce that Moov has joined Plaid’s payment ecosystem to help bring faster, more secure payment experiences to every digital financial interaction.
What does Plaid do?
Plaid is a data network and open finance platform powering digital finance. Plaid has built a payment partner ecosystem to make consumer payments simpler.
What does the Plaid and Moov partnership mean for customers?
Moov’s partnership with Plaid allows Moov’s end users to link their financial accounts using Plaid and move money faster. Instead of waiting for the account holder to complete the micro-deposit verification process, you can verify financial accounts in a matter of seconds by linking your accounts through Plaid.
In addition, by joining over 50 companies across North America and Europe, Plaid’s payment ecosystem will help any company, regardless of its size, industry, or technological capability, harness the account-to-account payment opportunity and decrease ecosystem risk.
This partnership couldn’t come at a better time. With the total value of payments made using mobile devices on the rise (reaching $503 billion in 2020), and the mobile wallet industry expected to grow to $2.3 trillion by 2023, it’s clear companies must prioritize their consumer’s payment needs. Partnerships like Moov and Plaid help ensure developers can deliver phenomenal experiences to their customers and users.
Paul Williamson, Head of Partnerships and Revenue at Plaid, believes that all companies deserve flexible tools for creating the best payment experiences.
“From one-person startups to the largest Fortune 500s, the overwhelming shift to digital finance has every company rethinking their payment journeys,” said Williamson. “That’s why we’re bringing together the most innovative payment companies across North America and Europe to build an ecosystem that can help any company—no matter their size—become a fintech, to ensure they can capitalize on the payment opportunity.”
Moving money is an essential part of every company, which is why our mission is to make it dead simple, freeing businesses to focus on what matters most: building amazing products and delivering value to their users. Joining forces with Plaid is one small step to help fulfill this mission.
How can I get started?
Read the docs about verifying bank accounts with Plaid Link. Instead of waiting for the account holder to complete a micro-deposit verification process, you’ll learn how to use the integration to authenticate financial accounts instantly.
Want to learn more about Moov?
Today’s news is only the beginning of our partnership and ecosystem announcements. If you want to keep a pulse on what we’re up to, be sure to join our community or subscribe to the Moov newsletter (typically sent every six weeks).