Line and Checkbook partner to introduce faster payments options to its customers
By Edlyn Cardoza
Line, a subscription-based service that provides interest-free cash advances for the financially vulnerable, has partnered with Checkbook to introduce faster payment options for its customers. Checkbook is a secure payment solution that offers businesses a simple and secure way to disburse payments at scale. They provide a single API to FinTechs like Line to send payments using various methods, e.g. Push to Card (Instant Pay), RTP(™), Real-time payments, ACH, and Check21. Its white labelable solution has enabled Line Financial to scale rapidly to an annual run rate of millions of payments in less than a year.
“Digital Payments and access to affiliate payments offer a clear financial and operational advantage for businesses. Our partnership with Line opens the Checkbook platform to people who need it the most. We are so grateful for the opportunity to work with a company that is ethically serving a vulnerable community,” PJ Gupta, CEO, Checkbook.
Focused on an underserved and often preyed upon community, Line knows how important it is to serve over 100 million people nationwide morally. With this partnership, they can instantly help underbanked workers (such as gig and contract workers) gain access to funds in their bank accounts. No more waiting for 3 days for ACH or paper Checks to arrive in the mail.
“In high inflationary times, it is often the financially vulnerable who pay the highest price. We are delighted to be able to offer our customers instant access to potentially life saving funds without traditional credit checks or predatory interest at the click of a button,” said Akshay Krishnaiah, Line’s founder and CEO.
Line is building an inclusive modern financial network that allows individuals to establish trust and credit viability without needing Credit History, Credit Score, or Payslips. Line was founded and supported by a team of doers, makers, and hustlers who have built successful financial platforms for the underbanked and unbanked individuals worldwide.
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