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2023-01-25 00:01:00

Ex-Plaid product lead launches e-commerce payment processing platform

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Finextra
By Editorial Team

Wafi, a startup founded by former Plaid product lead Victor Umunze, has launched its payment processing platform for e-commerce businesses.

Wafi.cash promises to provide online sellers with a simple API to enable fast, secure, and cost-effective processing of bank payments.

The platform is designed to eliminate redundant entities in the payment processing flow, reducing payment processing fees by over 50%, says Wafi, while helping users earn up to 0.75% cashback on purchases.

Wafi also helps reduce payment failures and cuts fraud thanks to its 2FA and propriety detection technology.

Continue read on finextra.com

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