Platforms and marketplaces using Stripe Connect can launch Branch’s digital wallet to enable fast, low-cost payouts and worker rewards
Branch, a leading provider of workforce financial infrastructure, announced its integration with Stripe to become the new embedded digital wallet provider for worker payouts. Companies now have an easy way to launch a customizable digital wallet and branded debit card experience via Stripe Issuing. Whether paying drivers, contractors, marketplace sellers, or frontline teams, Branch’s digital wallet solutions help workers access funds instantly while unlocking rewards and everyday financial tools that help them keep more of what they earn.
Read More on Fintech : Global Fintech Interview with Baran Ozkan, co-founder & CEO of Flagright
“As the embedded wallet option within Stripe Connect, Branch enables businesses to elevate their payout experiences seamlessly while delivering meaningful value to workers.”
“Stripe has built one of the most powerful ecosystems for platforms and marketplaces, and its decision to integrate Branch into Stripe Connect underscores the rising demand for digital wallets and flexible payout options,” said Atif Siddiqi, founder and CEO of Branch. “As the embedded wallet option within Stripe Connect, Branch enables businesses to elevate their payout experiences seamlessly while delivering meaningful value to workers.”
A worker-focused digital wallet automates instant payouts and delivers fee-free banking options1 and cash-back rewards that support workers’ everyday needs. The branded offering can help companies increase engagement and retention, without adding support costs. Integrated into Stripe Connect’s infrastructure, the Branch-powered digital wallet requires minimal API lift and no pre-funding. Stripe Connect handles the flow of funds.
“This integration allows platforms to manage complex payouts through Branch’s digital wallet while providing workers with branded cards powered by Stripe Issuing,” said Sateesh Srinivasan, Product and Business Lead for Money Management. “Platforms can give contractors faster access to their earnings while simplifying how payouts and spending are managed in one system.”
With this new integration, Branch strengthens its position as the digital wallet of choice for scaling enterprises, delivering flexible, cost-efficient solutions that transform how money moves between companies and the people who power them.
Catch more Fintech Insights : Real-Time Payments and the Redefinition Of Global Liquidity
[To share your insights with us, please write to psen@itechseries.com ]