Credit union members using Bankjoy’s banking platform will have seamless access to Allied’s full suite of digital payment products, including FlexPay bill pay with eBills and the PicturePay click-and-pay app, A2A and P2P payments, small business payments, digital document storage, and loan payments from external lending institutions.
Allied’s payments technology attracts new members and fosters engagement via a centralised payments hub that is accessed from a credit union’s digital or mobile banking environment. Allied developed real-time digital payments to billers and individuals, which further augments the user experience and provides greater financial wellness, according to the press release.
Allied and Bankjoy sought a partnership to help credit unions respond to mounting competition from alternative payments sources, including BigTech and retail organisations, many of which offer other financial products like depository accounts.
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