Pidgin, a secure real-time payments platform built for the future of payments, has been selected to demo at FinovateFall this year, which takes place September 12-14 in New York City.
At FinovateFall, Pidgin will showcase its secure real-time payments platform, which enables financial institutions, business owners and consumers to transact payments faster and with lower fees. The demo will highlight how Pidgin makes faster payments possible across different use cases – whether it’s paying a friend back for dinner, accepting payments from customers, paying employees or paying vendor invoices – Pidgin supports it all.
With Pidgin, payments are routed directly from financial institutions to financial institutions. Customers’ money is hosted by the financial institution and transferred from their account directly to the payee’s account, which can either be an individual’s personal account or a merchant account. Since Pidgin eliminates the need to use a holding account by a third-party provider or a virtual wallet, Pidgin facilitates a more secure transaction process with lower fees. Once a transaction is complete, funds are settled and available almost immediately within the recipient’s account.
“Each year at Finovate, fintech and bank leaders gather to get a first-hand look at the latest technologies changing the financial industry – and we’re excited to have Pidgin join us this Fall,” said Greg Palmer, VP of Strategy at Finovate. “As the need for faster payments rises, banks are exploring their options. We look forward to seeing how Pidgin is innovating this space.”
Since its launch in March of 2022, Pidgin has gained significant traction with financial institutions nationwide. Today, Pidgin is accessible to nearly 3,000 financial institutions across the U.S. United Bankers’ Bank and Corporate America Credit Union are among the forward-thinking financial institutions currently offering Pidgin to its member banks and credit unions.
“In the current economic climate, having access to funds in real-time is now more important than ever, both for consumers and for small and medium-sized enterprises,” said Abhishek Veeraghanta, Head of Pidgin.
“Pidgin is the single solution to process real-time payments with no waiting or transfer periods, meaning businesses get access to their funds faster. I look forward to showcasing our platform at FinovateFall and demonstrating how financial institutions of all sizes can make faster payments possible for their account holders and ultimately, gain a competitive edge.”