Today, we are announcing the launch of wafi.cash, a payment processing platform that provides businesses with a simple API to process bank payments in a fast, secure and cost effective way. Wafi eliminates redundant entities in the payment processing flow giving businesses 10x lower payment processing fees as a result.
We have always had a need to transact, and transactions have evolved overtime, from a trade by barter system to exchanging goods and services for cash. As a result, a seamless payment processing system is critical to global commerce.
While we’ve made significant progress in helping people pay for goods and services everywhere payment processing is still not great. Fraud, identity theft, high processing fees, and poor disparate user experiences continue to plague businesses and their customers.
Today, we are announcing the launch of Wafi.cash, a payment processing platform that provides you with a simple API to process bank payments in a fast, secure and cost effective way. Wafi eliminates redundant entities in the payment processing flow giving you 10x lower payment processing fees as a result.
Over the last few years there has been a shift in consumer behavior towards cash spending online and offline – in 2021, debit card usage grew by 23%. Wafi enables you to take advantage of this shift in user behavior by opening you up to new tools and technologies:
Wafi Checkout: We built Wafi Checkout to enable ecommerce businesses to accept bank payments in a fast, secure and cost effective way. When users pay with Wafi at checkout, you save 50% or more in payment processing fees and users earn up to 0.75% cash back every time.
Wafi Pay: Wafi Pay is a smart way to send and receive bank payments. Wafi automatically optimizes payments for speed, risk and cost. This product enables you to build your own unique bank payment experiences powered by Wafi.
Wafi Connect: Wafi Connect enables you to get your customer’s verified bank account information in order to confidently process their payments.
“At Cerebelly, we are re-imagining baby food that tastes amazing AND that is packed with meaningful amounts of nutrients that science shows babies’ growing brains need. Wafi.cash gives Cerebelly the ability to offer our customers an innovative payment method that enables them to pay with their bank account and earn cash back every time. – Connor Mcleod, VP of Ecommerce, Cerebelly.”
“Takeoff gives users the ability to create a trip, invite their friends, book things to do, and even split payments - all through a simple app. Wafi.cash enables Takeoff to offer users a low cost way to make payments directly inside the app, while also allowing us to increase our profitability compared to other payment methods. – Chase Harris, CEO, Takeoff.”
Whether you are an ecommerce business looking to build new payment experiences for your customers or a retailer looking for ways to reduce your payment processing fees and increase your profitability — We’re ready to partner with you and help you launch a next generation bank payment product that your customers will love.